AIB raised €1 billion in its first ever social bond issuance, underlining its commitment to meeting ESG goals and bringing its ESG bond issuance to €2.75 billion since 2020. The proceeds are earmarked for the financing of projects with clear social benefits, further strengthening AIB’s position as a sophisticated player in the ESG space while also strengthening its funding position. The success of the issuance saw AIB return to the market with a second social bond issuance in January 2023.