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Dublin: 11 °C Monday 22 December, 2014

NTMA announces issue of new 10-year bond ‘in due course’

The bond will help restore market confidence in Ireland.

The statue on Treasury Building in Dublin.
The statue on Treasury Building in Dublin.
Image: Leon Farrell/Photocall Ireland

THE NATIONAL TREASURY Management Agency has announced to the market that it will seek to issue a new 10-year bond maturing in March 2023.

The NTMA, the body which manages Ireland’s debts on the Government’s behalf, said the bond would be issued subject to market conditions “in the near future”.

In a statement, the NTMA has mandated Barclays, Danske Bank, Davy, Goldman Sachs International, HSBC and Nomura as joint lead managers for the transaction, details of which will be announced in due course.

The new bond will help restore market confidence in Ireland.

Last month, the NTMA formally issued new bonds to replace the promissory notes.

Read: Draghi: ECB’s bond-buying programme can’t help Ireland escape bailout >

More: Ireland’s cost of borrowing falls as NTMA formally issues new bonds >

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