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.”
