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According to a recent official statement, Ireland is preparing to issue its first green bond
in the coming months.
Ireland will issue its first green bond in the coming months
Ireland's National Fiscal Authority (NTMA) said it would hold a roadshow with potential investors in the coming weeks, but did not disclose further details
about the planned deal.
The green bonds will be issued
under Ireland's sovereign green bond framework, which was recently approved by the government.
Funding from the project will be used for green projects
to address climate change mitigation and adaptation, depletion of water and natural resources, and reducing air pollution.
"NTMA's strategy is to expand its investor base
by geography, investor type and product.
The issuance of green bonds gives Ireland access to new and growing sources
of capital.
Frank O'connor, NTMA's head of treasury and debt management, said
.
Ireland's move is modeled after Poland
.
Finland became the world's first sovereign issuer in December 2016, raising €750 million
from the sale of five-year green bonds.
Other European countries that have issued such financial instruments include France and Belgium
.
,
According to a recent official statement, Ireland is preparing to issue its first green bond
in the coming months.
Ireland will issue its first green bond in the coming months
Ireland will issue its first green bond in the coming monthsIreland's National Fiscal Authority (NTMA) said it would hold a roadshow with potential investors in the coming weeks, but did not disclose further details
about the planned deal.
The green bonds will be issued
under Ireland's sovereign green bond framework, which was recently approved by the government.
Funding from the project will be used for green projects
to address climate change mitigation and adaptation, depletion of water and natural resources, and reducing air pollution.
"NTMA's strategy is to expand its investor base
by geography, investor type and product.
The issuance of green bonds gives Ireland access to new and growing sources
of capital.
Frank O'connor, NTMA's head of treasury and debt management, said
.
Ireland's move is modeled after Poland
.
Finland became the world's first sovereign issuer in December 2016, raising €750 million
from the sale of five-year green bonds.
Other European countries that have issued such financial instruments include France and Belgium
.
,