Saturday , January 16 2021

NTMA sells 750 million bonds in the 2018 final bid



The National Treasury Management Agency today sold an auction of EUR 750 million in Irish bonds.

NTMA said the auction of € 350 million in bonds in 2023 and € 400 million in the 2028 bond will end bond issuance for that year.

Bonds were issued at 0.03% and 0.99% respectively at today's auction.

The agency said the total amount of nominal bond funding this year is 17.25 billion euros, falling within the target funding range of 14-18 billion euros.

According to NTMA, a total of € 11 billion was increased by syndicated sales of three new benchmarks – with maturities of 10, 12 and 15 years.

The third of these syndications-in October-presented NTMA's first green bond issue, raising a 12 billion-euro debt totaling 3 billion euros with a yield of 1,399%.

NTMA said that Green Bond was part of its strategy to diversify its issuance and access a new investor base to lend to Ireland.


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