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Ireland sells €2bn of 11 year green bond

Written by Business World, on 10th Oct 2019. Posted in Financial

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Ireland raised 2 billion euros from the sale of its 11-year green bond on Thursday, dipping into an increasingly popular market for the second time at a yield well below its debut a year ago.

Ireland received 11 billion euros worth of orders and priced the sale via a sydicate of banks at 24 basis points through mid-swaps, a spokesman for Ireland's National Treasury Management Agency (NTMA) said.

That implies a yield just under 0.24% versus 1.4% when Ireland sold the then debut 12-year green bond in October 2018. (Reuters)

Source: www.businessworld.ie

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