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Buyback / Switch of the 4.6% Treasury Bond 2016

2 July 2014 – The National Treasury Management Agency (NTMA) will, today, offer outright buyback terms for the 4.6% Treasury Bond 2016 and will also offer switch terms from the 4.6% Treasury Bond 2016 into the 3.9% Treasury Bond 2023. These transactions will take place via recognised Primary Dealers in Irish Government Bonds only. Details and times are set out below (note all times are local Dublin time).

Outright Buyback to take place today, 2 July 2014

Bond to be bought back by NTMA:  4.6% Treasury Bond 2016 (ISIN IE0006857530)
NTMA buyback price (yield): 107.77 (0.165%)
Buyback Time:   The NTMA will accept orders from Primary Dealers from 10 a.m. to 12 noon
Results: Click here to see full details of the results
Settlement: 16 July 2014 (T+10)

 

Switch to take place today, 2 July 2014

Bond to be bought back by NTMA:   4.6% Treasury Bond 2016 (ISIN IE0006857530)
Bond to be sold by NTMA: 3.9% Treasury Bond 2023 (ISIN IE00B4S3JD47)
NTMA switch prices (yields):                  2016:     107.77 (0.165%)
2023:     114.177 (2.095%)
Switch weighting:                       2 for 1.  The NTMA will buy €2 nominal of the 4.6% Treasury Bond 2016 for each €1 nominal of the 3.9% Treasury Bond it sells
Switch Time:   The NTMA will accept orders from Primary Dealers from 10 a.m.  to 12 noon
Results:      Click here to see full details of the results
Settlement: 16 July 2014 (T+10)