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
€19.3bn of benchmark bond issuance at a weighted average yield of 0.18% and a weighted average maturity of 14.4 years. €0.9bn in eight private placements with maturities ranging from 65 years to 100 years and a €0.1bn 30-year inflation linked bond. A €2.5bn EU SURE Programme loan and €0.2bn EIB loan added diversification to the portfolio.
out of the €23bn long-term funding was raised from the sale of new 10 and 20-year bonds.
General Government interest costs dropped to €3.3bn in 2021, a level last seen in 2009 and almost 60% below the 2013 peak. They were down €0.5bn or 14% on 2020.
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 2021, representing an investment return of +10.7% in the year. Just under €2.7bn accumulated returns since inception by end-2021, +4.5% per annum since inception.
the total commitment to Ireland including co-investment by private sector partners. ISIF commitments of €5.6bn across 166 investments have unlocked €9.4bn of co-investment commitments since inception.
Pandemic Stabilisation and Recovery Fund (PSRF) was established to invest in medium and large-scale businesses in Ireland impacted by COVID-19. Since the start of the pandemic, ISIF has committed over €1bn including €670m across 25 investments in 2021.
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 social housing and education Public Private Partnership (PPP) and non-PPP infrastructure projects with an estimated capital value of €1.6bn.
providing financial advice on PPP (procurement, construction and operations) and other infrastructure projects in different sectors including education, housing, transport, health and climate action with an estimated capital value of €6.5bn.
completion of construction on two social housing PPP bundles in 2021 delivering nearly 1,000 social homes in 14 sites across nine counties.
Through NewERA, the NTMA provides a dedicated centre of corporate finance expertise to Government, providing financial and commercial advice to Ministers regarding their shareholdings in major commercial State bodies.READ MORE
the number of commercial State bodies within the scope of NewERA’s advisory mandate, including 18 designated bodies.
the number of Portfolio Company assignments on which NewERA provided financial analysis and, where appropriate, recommendations to Government Ministers (2020: 144).
of advisory assignments in relation to the Portfolio Companies, including €3.5bn of capital budgets and investments by the Portfolio Companies, €2.7bn of debt financing to fund their operations and capital investments and €0.6bn of other assignments such as joint ventures, acquisitions and disposals.
The NTMA is known as the State Claims Agency (SCA) when managing personal injury and third-party property damage claims against the State and State authorities, as delegated to it, and in providing related risk management services. As the SCA, the NTMA also manages claims for legal costs against the State and State authorities, as delegated to it, however such costs are incurred.READ MORE
of claims resolved by the State Claims Agency in 2021 were resolved without court proceedings being served.
the State Claims Agency settled 1,040 bills of costs received from third parties for €60.5m – a reduction of 40% on the amount claimed.
the State Claims Agency was managing 11,408 active claims with an estimated outstanding liability of €4.53bn at end-2021.