Bank of Ireland has raised €750m from its second green bond issuance of 2025 to finance more climate action projects in renewable energy and green buildings.
The bank said that investor appetite was "strong", with orders exceeding €2.6 billion and participation from over 140 investors globally.
The ten-year bond carries a fixed coupon of 3.625%, which Bank of Ireland said reflected investor confidence and competitive pricing.
Bank of Ireland this year completed its largest green energy investment to date, financed its first solar power project as well as expanding its Enviroflex sustainability-linked loans - originally available to the dairy sector - to include tillage farmers.
The lender's sustainability-related lending grew to €16.5 billion at the end of September, achieving its end-2025 objective of €15 billion ahead of schedule.
The bank said it is targeting €30 billion in sustainability-related lending to households and businesses by 2030.
Mark Spain, Chief Financial Officer at Bank of Ireland, said the strong demand for the bank's latest green bond underscores investor confidence in its sustainable finance strategy.
"Through green residential mortgages, sustainability-linked lending for SMEs and farmers, and funding for wind and solar energy projects, Bank of Ireland is helping customers make the transition to a low-carbon economy," he said.
"This bond reinforces our commitment to climate action and keeps us firmly on track for our €30 billion sustainable finance ambition by 2030," he added.
The lead arrangers for the transaction were Davy, BofA Securities, ING, JP Morgan, Mizuho and NatWest.
