NTMA to offer €1.25 billion at bond auction this week

ntma-to-offer-e1.25-billion-at-bond-auction-this-week

The National Treasury Management Agency (NTMA) said today it plans to hold a bond bond auction on Thursday, 9 July, which aims to raise between €1 billion and €1.25 billion.

Two bonds will be offered at this week’s auction – a 3.1% Treasury Bond which matures in 2036 and a 3.15% Treasury Bond which matures in 2055.

The NTMA has issued €8.25 billion of benchmark bonds so far this year.

It plans to raise a relatively modest €10-14 billion this year due to the Government projecting another budget surplus.

In May, the NTMA cancelled a scheduled debt auction for that month and held a syndicated transaction instead.

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