Climate Action leader AIB raises €650 million in its sixth green bond issuance

AIB recently raised €650 million of Tier 2 sub-ordinated bank capital. This is the second green capital issuance by AIB, and its sixth green bond in total. The proceeds will contribute to the financing of projects with clear environmental and climate action benefits while further strengthening AIB’s capital position. The investment required to finance the global transition to a low carbon economy will need to increase to about $9 trillion a year to 2030 according to estimates from the Climate Policy Initiative. In the case of Ireland, the International Monetary…

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