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

The €500 million bond will be the company’s only senior issuance for the year and replace a €300 million bond, which is callable in June 2024. Picture: Sam Boal

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 ...