The funds were raised at a yield of 0.242%.
There was strong demand from a broad and diversified investor base for today's transaction. The total order book of over €33 billion included in excess of 250 individual accounts.
A more detailed statement will issue later.
Conor O’Kelly, NTMA Chief Executive, said:
“Today’s transaction demonstrates the ongoing strong demand among investors for Irish sovereign debt.
This demand highlights the progress Ireland has made in recent years to improve its sovereign credit rating and its debt sustainability. The accommodative stance of the ECB and in particular its newly announced PEPP program has helped keep interest rates low and this has been supportive for European sovereigns issuers.
While the economic challenges arising from Covid-19 are significant, Ireland is well positioned to meet any additional borrowing requirements”.
