NTMA raises €4 billion from sale of new 20-year benchmark bond
4 January 2017 – The National Treasury Management Agency (NTMA) has today raised €4 billion through the syndicated sale of a new 20-year benchmark Treasury Bond maturing in May 2037. The funds were raised at a yield of 1.734%.
There was strong and broad-based demand for today’s transaction. The total order book of over €11 billion included 255 individual accounts. Of the €4 billion issued, 97% was taken up by overseas investors, including Germany/Austria (31%), the UK (25%), Nordics (10%), Americas (8%), Other Europe (7%), Switzerland (7%), France (5%) and Asia /Middle East (4%).
“Today’s sale, the first European sovereign deal of 2017, represents a substantial portion of our targeted issuance of €9 to €13 billion. The strong investor appetite within the order book enabled an increase in the transaction size to €4 billion, further strengthening our funding position” said NTMA Director of Funding and Debt Management, Frank O’Connor.