NTMA raises €3.5 billion from sale of new 10-year benchmark bond

The National Treasury Management Agency (NTMA) has today raised €3.5 billion through the syndicated sale of a new 10-year benchmark Treasury Bond maturing in October 2032. The funds were raised at 0.387%

There was strong demand from a diversified investor base for today's transaction. The total order book was in excess of €27 billion and included over 180 individual accounts.

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

Today’s transaction demonstrated continued strong demand for Irish sovereign debt from a broad base of investors.

The amount issued reflects our lower funding range of €10-€14 billion for 2022 - significantly below our borrowing in 2021.

Ireland’s improving fiscal position and our strategy of pre-funding liabilities has left us with substantial cash balances and considerable flexibility in meeting our funding needs.

Article Published: 14/01/2022