Bank of Ireland achieves tightest Irish senior spread in five years with €750 million green bond

26 March 2026 – Bank of Ireland has successfully raised €750 million through a new green bond issuance, its second green bond of the year and the first euro-denominated senior debt issuance by a European bank since the start of the Middle East conflict.

The bond was issued with an 8-year maturity and priced at mid swaps plus 100 basis points, representing the tightest Irish senior debt issuance since 2021.

Investor demand was strong, with final orders exceeding €2.2 billion and participation from approximately 135 investors. The bond carries a fixed coupon of 3.875%.

Tony Morley, Group Treasurer at Bank of Ireland, said:

“Today’s issuance reflects the continued confidence investors have in Bank of Ireland and in our long-term strategy. The strong demand and tight pricing underline the quality of the Bank’s credit and our ability to access markets even in challenging conditions. This green bond further strengthens our funding position while supporting customers in their transition to a lower carbon economy.”

The bookrunners on the transaction were Davy, Barclays, BofA Securities, ING, Société Générale, and UBS.

Last year, Bank of Ireland’s sustainable finance lending increased 20% to €17.7 billion, comfortably surpassing its 2025 target of approximately c.€15 billion and keeping the Group on track to reach its €30 billion target by 2030.