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Irish bank AIB issues 1 bln euro green bond

Wed, 23rd Sep 2020 15:06

LONDON, Sept 23 (Reuters) - Irish bank AIB has
issued a 1 billion euro ($1.2 billion) green bond for the
financing of low-carbon projects, it said on Wednesday.

Banks which issue green bonds use the funds raised to
finance or re-finance eligible green projects such as renewable
energy projects, low carbon offices and the construction of
energy efficient homes.

AIB said it is the first Irish bank to complete an issue of
green bonds.

"AIB's first green bond offers socially responsible
investors an opportunity to support AIB as it continues to
transition its business towards greater environmental
sustainability," chief executive Colin Hunt said.
($1 = 0.8562 euros)
(Reporting by Nina Chestney; Editing by Kirsten Donovan)

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