The NTMA is responsible for borrowing on behalf of the Government and managing the National Debt in order to ensure liquidity for the Exchequer and to minimise the interest burden over the medium term.READ MORE
€24.6bn of benchmark bond issuance at a weighted average yield of 0.21% and a weighted average maturity of 11.5 years. The balance was in private placements – seven notes with maturities ranging from 58 to 100 years.
€16bn from the sale of new 7, 10 and 15 year bonds.
General Government interest dropped to below €4bn in 2020, the lowest it has been since 2009 and some 50% below the 2013 peak.
The NTMA controls and manages the Ireland Strategic Investment Fund (ISIF) which has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in the State.READ MORE
of investment gains in 2020, representing an investment return of +8.8% in the year. Over €1.7bn accumulated returns since inception by end-2020, 3.5% per annum since inception.
the total commitment to Ireland including co-investment by private sector partners. ISIF commitments of €5.0bn across 143 investments has unlocked €8.6bn of co-investment commitments since inception.
Pandemic Stabilisation and Recovery Fund (PSRF) established to invest in medium and large-scale businesses in Ireland impacted by COVID-19. ISIF has made over €400m in commitments to a wide range of sectors and industries.
Acting as the National Development Finance Agency (NDFA), the NTMA provides financial advisory, procurement and project delivery services to State authorities on public infrastructure projects.READ MORE
delivery of primarily education and housing PPP and non-PPP infrastructure projects with an estimated capital value of €1.3bn.
providing financial advice on PPP (procurement, construction and operations) and other infrastructure projects in different sectors including housing, climate action, health, transport and education with an estimated capital value of €5.6bn.
students will be facilitated in the new East and Central Quad PPP buildings at the TU Dublin Grangegorman Campus which has been procured by the NDFA. The East Quad was completed in December 2020 and the Central Quad was completed in March 2021.
Through NewERA, the NTMA provides a dedicated centre of corporate finance expertise to Government, providing financial advice to Ministers regarding their shareholdings in major commercial State bodies.READ MORE
commercial State bodies in the transport sector formally designated to NewERA, bringing the total number of State bodies designated to NewERA to 18.
the number of Portfolio Company assignments on which NewERA provided financial analysis and, where appropriate, recommendations to Government Ministers (2019: 138).
€7.8bn of advisory assignments in relation to the Portfolio Companies, including €3.1bn of capital budgets and investments by the Portfolio Companies, €4.0bn of debt financing to fund their operations and capital investments and €0.7bn of other assignments such as joint ventures, acquisitions, disposals etc.
Acting as the State Claims Agency (SCA), the NTMA manages personal injury and third-party property damage claims against the State and State authorities and provides related risk management services. It also manages claims for legal costs against the State and State authorities, however so incurred.READ MORE
the State Claims Agency was managing 12,175 active claims with an estimated outstanding liability of €4.03bn at end-2020.
over half of cases resolved by the State Claims Agency in 2020 were resolved without court proceedings being served.
the State Claims Agency settled 1,006 bills of costs received from third parties for €68.6m – a reduction of 41% on the amount claimed.