Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details a EUR 3 billion (USD 3.459 billion) sovereign green bond issued by Ireland's National Treasury Management Agency on October 17, 2018.

• The National Treasury Management Agency issued a senior unsecured sovereign green bond totaling EUR 3 billion (USD 3.459 billion) on October 17, 2018, with a maturity date of March 18, 2031, representing a tenor of 12.4 years.
• Proceeds from the bond are designated for projects across several categories: renewable energy (specifically energy storage), green buildings (energy performance), transport (low emission vehicles and infrastructure), water and wastewater (wastewater treatment), land use and agriculture (afforestation/parks and sustainable agriculture), and general adaptation and resilience.
• The bond is the second green bond issued by an Irish entity, following a January 2016 private placement by Gaelectric Holdings, and is the third largest sovereign bond after those issued by Belgium (Green OLO) and France (Green OAT).
• The issuance saw high demand with a total order book exceeding €11 billion from over 170 individual accounts. Distribution was heavily weighted toward non-Irish investors (95%), with the largest shares going to the UK (23%), Germany/Austria (19%), and France (19%).
• The Climate Bonds Initiative noted that the bond's framework lacks clear eligibility criteria for each category and suggested that issuers should disclose more detailed project types and thresholds, such as a minimum 25% energy efficiency improvement for green buildings.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-10%20IR%20National%20Treasury%20Management%20Agency.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-10%20IR%20National%20Treasury%20Management%20Agency.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=17 October 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-10%20IR%20National%20Treasury%20Management%20Agency.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2018-10%20IR%20National%20Treasury%20Management%20Agency.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }