Ireland Plans 2 Billion Euro Syndicated Tap of October 2043 Green Bond

By Emese Bartha

Ireland hired banks for the syndicated tap of the October 2043-dated green bond, the National Treasury Management Agency said Tuesday.

The transaction size is pre-set at 2 billion euros ($2.36 billion), while the proceeds will be used in accordance with the Irish Sovereign Green Bond framework, the NTMA said.

The transaction is expected to be launched and priced in the near future subject to market conditions.

The banks hired as joint lead managers are BofA Securities, Citi, Danske Bank, Davy, Deutsche Bank and J.P. Morgan.

The NTMA on Friday announced the cancellation of a bond auction scheduled for Thursday, pointing to its plans of a syndicated tap "in the coming weeks."

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

05-12-26 0717ET