Financial Services
PTSB goes green with new €500m bond
Ratings agency Fitch classified the bank as ‘investment grade’ earlier this year, opening it up to a new investor base
PTSB is selling its first green bond as it hopes to tap into a new investor base created by its upgraded Fitch rating.
The €500 million bond will be the company’s only senior issuance for the year and replaces a €300 million bond that is redeemable in June 2024. Green bonds are used to fund projects that have positive environmental benefits.
An upgrade from ratings agency Fitch means it will fall on the radar of ...