Commercial Paper

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 and 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.

Housing Finance Agency EUR 6 billion Euro Commercial Paper Programme

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. The dealers on Ireland's ECP Programme are also dealers on the HFA Programme.