Dáil Éireann Debate, Tuesday - 16 November 2021
222. Deputy Neasa Hourigan asked the Minister for Finance his plans to issue new Irish sovereign green bonds as per action 74 of the Climate Action Plan 2021; and if he will make a statement on the matter. [56023/21]
View answerI am informed by the National Treasury Management Agency that on Thursday last, 11 November, the NTMA sold €650m of the Irish Sovereign Green Bond (ISGB) maturing in 2031 in a bond auction. It sold a further €97.5m in the non-competitive auction bringing to €747.5m nominal the total issued in the auction. The cash proceeds raised from this auction were €839m.
This brings to almost €6.85bn nominal (over €7.3bn in cash proceeds raised) the total green bond issuance so far by the NTMA, following the inaugural issue in 2018, a syndicated tap in 2019, and an auction in September 2020.
The NTMA will continue to look for opportunities to issue further sovereign green bonds as market conditions allow.
The third annual allocation ISGB report was published in July of this year. It provides detail on allocations to eligible green projects from ISGB proceeds in 2020.
The second annual eligible green projects impact report was also issued in July of this year. It details the environmental impact measures connected to the 2019 allocation report.
Both reports will be published annually.
