Big demand for Bank of Ireland green debut

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By Frank Jackman
04 Mar 2021

Bank of Ireland’s inaugural green bond attracted the largest financial senior book in euros this week, peaking at €2.5bn, as it offered investors a chance to pick up labelled paper at a shorter tenor and with plenty of spread.

“The higher-beta bank names have seen strong demand as investors hunt for spread,” said one bank credit analyst.

Bank of Ireland (Baa2/BBB-/BBB) on Wednesday sold a May 2027 non-call May 2026 green deal at a holding company level — its first green labelled deal.

JP Morgan was ...

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