By Laura Contemori – ROME (Econostream) – The National Treasury Management Agency (NTMA) raised €2 billion on Wednesday through a syndicated tap of its 2043 Irish Sovereign Green Bond.

The funds were raised at a yield of 3.642%, and the total order book was more than €35 billion from 235 individual accounts.

The largest share of allocations went to UK investors with 17%, followed by Germany, Austria and Switzerland with 15%. Benelux investors accounted for 14% of allocations, while Italian and domestic investors took 12% and 8% respectively.

Banks represented the largest investor category with 40% of allocations, followed by insurance and pension companies at 22%, fund managers at 18% and central banks and official institutions at 17%.

“Investor appetite for Irish Government bonds remains strong, and we have now raised almost 70% of the mid-point of our €10 billion to €14 billion bond funding range for the year,” NTMA Director of Funding and Debt Management Dave McEvoy said in a statement.