Ireland has a USD 50 billion multi-currency Euro Commercial Paper (ECP) Programme which is listed on the Irish Stock Exchange. This programme, which provides funds at attractive levels, significantly below Euribor, is used as bridging finance in the replacement of longer term debt and for other liquidity management purposes. The dealers under the Programme are:
| Euro Commercial Paper Dealers | |
|---|---|
| ECP Dealer | Telephone |
| Bank of America Securities Limited | +44 207 174 1366 |
| Barclays Bank Plc | +44 207 773 9075 |
| Citibank International Plc | +44 207 986 9070 |
| Credit Suisse Securities (Europe) Limited | +44 207 888 9968 |
| Deutsche Bank AG London | +44 207 545 1048 |
| Goldman Sachs International | +44 207 774 2630 |
| ING Bank NV | +31 2056 38173 |
| The Royal Bank of Scotland Plc | +44 207 588 3968 |
| UBS Limited | +44 207 329 0203 |
Issuing Agent & Paying Agent: Bank of New York Mellon.
Reverse Enquiry available on request.
Typical trades are in amounts of USD 50 million to USD 100 million. All non-Euro borrowings are immediately swapped into Euro using foreign exchange contracts.
Under legislation governing the Housing Finance Agency (HFA), the NTMA carries out the HFA's borrowing functions under its 6 billion euro multi-currency Euro Commercial Paper Programme. The HFA's borrowings are for onlending to local authorities for the provision of social housing and are guaranteed by the Minister for Finance. They have the top short term credit ratings from Moody's and Standard & Poor's. The dealers on Ireland's ECP Programme are also dealers on the HFA Programme.
NTMA, Treasury Building, Grand Canal St. Dublin 2, Ireland.
Tel +353 1 664 0800, Email info@ntma.ie
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