NTMA raises €4 billion from sale of new 15-year benchmark bond

The National Treasury Management Agency (NTMA) has today raised €4 billion through the syndicated sale of a new 15-year benchmark Treasury Bond maturing in May 2033.

The funds were raised at a yield of 1.319%.

There was strong and broad-based demand for today’s transaction. The total order book of over €12.5 billion included 190 individual accounts. Further details on the geographic and investor breakdown will issue later.

NTMA Director of Funding and Debt Management Frank O’Connor said:

Building on our strong start to 2018, today’s sale represents €10.25bn nominal of benchmark bonds issued so far this year. We have now exceeded 60% of the mid-range of our target issuance of €14bn to €18bn for the year. Today’s transaction confirms that investor appetite for Irish bonds remains healthy and broad-based, enabling an increase in the transaction size to €4 billion. It further strengthens our funding position”.

Article Published: 11/04/2018