Ireland 's NTMA ( National Treasury Management Agency ) has raised € 3.5bn ($ 3.5bn ) in the country's first sovereign green bond. The majority ( 95% ) of investors were Irish , with 33% sold to asset managers and banks, 19% to pension and insurance investors, 8% to central banks and institutions, and 95% to hedge funds. The NTMA will use the proceeds for environmentally friendly projects such as renewable electricity generation. NTMA funding and debt management director Frank O’Connor said: “Today demonstrates our commitment to finding attractive new ways to meet the State’s funding requirement by diversifying our issuance and accessing a new base of investors to lend to Ireland. The last bond auction of the year will take place in November .
Ireland 's NTMA ( National Treasury Management Agency ) has raised € 3.5bn ($ 3.5bn ) in the country's first sovereign green bond. The majority ( 95% ) of investors were Irish , with 33% sold to asset managers and banks, 19% to pension and insurance investors, 8% to central banks and institutions, and 95% to hedge funds. The NTMA will use the proceeds for environmentally friendly projects such as renewable electricity generation. The last bond auction of the year will take place in November .