NTMA announces the publication of the first Irish Sovereign Green Bond (ISGB) Allocation Report

25 June 2019 – The National Treasury Management Agency (NTMA) announces the publication of the Irish Sovereign Green Bond Allocation Report for the year ending 2018.

The Report follows a commitment made by Ireland in its Irish Sovereign Green Bond (ISGB) Framework document. Following the syndicated issue of the first ISGB in October 2018, just under €3 billion of proceeds were raised for allocation to eligible green categories as set out in the Framework.

Of the total proceeds, €1.95 billion has been allocated by the ISGB Working Group to eligible green projects. The allocation has been made to 2017 and 2018 eligible green expenditure. Compliance with the Framework has been affirmed by Sustainalytics.

The allocated amount equals 65.3% of the inaugural ISGB proceeds. The residual proceeds of €1 billion will be allocated to eligible green projects’ expenditure in 2019. The Report, produced and approved by the ISGB Working Group, is available here.