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2025-09-15 21:59:53
[Irish Bank Issues Large Green Bond, Receives Strong Market Response] ⑴ Allied Irish Banks (Permanent TSB) successfully issued a €300 million Tier 2 green bond with a 10.25-year term and a non-callable 5.25-year maturity. The coupon rate was 3.915%. ⑵ The bond issuance was enthusiastically received by the market, with the order book reaching €3.45 billion, far exceeding the issue size. ⑶ The initial indicative price was in the range of MS+190 basis points, and the final price was MS+155 basis points, demonstrating strong investor demand for the bond. ⑷ This issuance is a significant development in the EU green bond market. The proceeds will be used specifically to finance or refinance eligible green projects, further promoting sustainable development. ⑸ The bond received a Baa3 rating from Moody's and will be listed on the Dublin Stock Exchange. ⑹ The success of this issuance reflects the market's continued interest in sustainable investment products and recognition of Allied Irish Banks' financial soundness.
