The National Treasury Management Agency (NTMA) has today raised €5.5 billion through the syndicated sale of a new 10-year benchmark Treasury Bond maturing in October 2031. The funds were raised at a negative yield, -0.257%.
There was strong demand from a diversified investor base for today's transaction. The total order book was in excess of €40 billion and included over 240 individual accounts.
Frank O’Connor, NTMA Director of Funding and Debt Management, said:
“This is an encouraging start to our 2021 issuance programme and demonstrates the continued strong demand from a broad investor base for Irish sovereign debt.
Today’s transaction brings us to over 30% of the mid-point of our target funding range of €16 - €20 billion for the year. Coupled with the significant cash balances we brought into 2021 and the absence of any bond maturities this year, our funding position is strong.”
Article Published: 06/01/2021