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.