LONDON - Bank of Ireland Group plc is set to issue a new green bond, with UBS AG London Branch serving as the Stabilising Manager, as per a notice issued on May 12, 2025. The bond, described as Green Fixed Rate Reset Callable Notes, will be due in 2032 and is aimed at a benchmark size in euros.
The stabilisation period, a process which can help support the market price of the securities, is expected to commence today and continue until no later than June 17, 2025. During this period, UBS may over-allot or undertake transactions to maintain the bond’s price at a higher level than might otherwise prevail in the market. However, it is not guaranteed that stabilisation activities will occur, and if initiated, they can be discontinued at any time.
The announcement clarified that the offer and the securities are directed at persons outside the United Kingdom (TADAWUL:4280) and those within it who have professional investment experience or are high net worth individuals, as defined by the Financial Services and Markets Act 2000. Furthermore, the notice stated that the securities would not be offered or sold in the United States, as they have not been registered under the United States Securities Act of 1933.
This issuance is part of the growing trend of green bonds, which are designed to fund projects with environmental benefits. The specific terms of the offer, including the offer price and other conditions, are yet to be confirmed (TBC).
The information regarding the bond issuance is based on a press release statement and is intended for informational purposes only, representing neither an invitation nor an offer to underwrite, subscribe, acquire, or dispose of any securities of the Issuer in any jurisdiction where such activities would be considered unlawful.
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