Bank of Ireland adds to growing group of green T2 issuers

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By Tyler Davies
04 May 2021

Bank of Ireland Group was more than three times subscribed for a new tier two on Tuesday, as it followed its domestic peer AIB Group in applying a green label to the asset class.

Bank of Ireland Group, rated Baa2/BBB-/BBB, picked Credit Suisse, Deutsche Bank, JP Morgan, Nomura and UBS as the bookrunners for its 10.25 year non-call 5.25 year green tier two.

The lead managers started their pricing in the 185bp area over mid-swaps, welcoming more than €1bn of orders by ...

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