Ireland mandates banks to sell more of debut green bond

DUBLIN (Reuters) – Ireland’s debt agency has mandated a number of banks to sell more of its 11-year green bond for the first time since it was issued last year, with a transaction set to be launched and priced in the near future, it said on Wednesday.

Ireland raised 3 billion euros from the initial sale of its first ever green bond a year ago and a market source said it could raise another 1 to 1.5 billion euros to fund further projects with environmental benefits.

The National Treasury Management Agency (NTMA) mandated BNP Paribas, Barclays, Bank of America Merrill Lynch, Danske Bank, Davy Stockbrokers and J.P. Morgan as joint lead managers for the syndicated tap, the debt office said in a statement.

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