Irish bank AIB has issued its ninth green bond, raising €1 billion to finance climate and environmentally focused projects.

The funds will support renewable energy generation and transmission, green buildings, clean transportation, and circular economy initiatives.

Since launching its Climate Action Target of €30 billion in 2019, AIB has deployed €20.5 billion in green and transition lending, with €3.8 billion provided in the first nine months of this year alone. Including previous issuances and refinancing, AIB has raised €6.45 billion through green bonds and €8.2 billion when social bonds are added.

Colin Hunt, AIB chief executive, said, “Sustainability is core to AIB’s strategy as we continue to be a catalyst for positive climate change in Ireland and beyond. This latest green bond issuance is an embodiment of where our shared ambition meets action, enabling us to deploy capital and provide funding for vital green and transition-related infrastructure and activities.”

Demand for the bond was strong, with a peak order book of €3.8 billion. The final coupon was set at 3.75 per cent, reflecting a 30-basis-point tightening and a 2–3bps new issue premium. Lead arrangers included Goodbody, Morgan Stanley, Bank of America, Goldman Sachs, UBS, and JP Morgan.

The bond announcement coincides with AIB’s Sustainability Conference, featuring speakers such as Benedict Cumberbatch and Professor Brian Cox. A survey published alongside the conference found that while 86 per cent of Irish consumers recognise climate change, only 33 per cent feel knowledgeable about sustainability.

Explore how AIB’s green financing is driving Ireland’s low-carbon transition in the full story.