Irish state debt manager the National Treasury Management Agency has raised €3bn from the sale of the country’s first-ever sovereign green bond. Ireland's National Treasury Management Agency (NTMA) has raised €3bn ($3.5bn) in the country's first sovereign green bond. The majority (95%) of investors were non-Irish, with 33% sold to asset managers and banks, 19% to pension and insurance investors, 8% to central banks and institutions, and 6% to hedge funds. Ireland is now one of only two countries that have issued a bond backed by carbon credits (the other being Sweden). The last bond auction of the year will take place in November.
Ireland's National Treasury Management Agency (NTMA) has raised €3bn ($3.5bn) in the country's first sovereign green bond. The majority (95%) of investors were non-Irish, with 33% sold to asset managers and banks, 19% to pension and insurance investors, 8% to central banks and institutions, and 6% to hedge funds. Ireland is now one of only two countries that have issued a bond backed by carbon credits (the other being Sweden). The last bond auction of the year will take place in November.