Government Bonds

Irish Government bonds are listed on Euronext Dublin. The benchmark bonds are also traded on the electronic trading platforms, EuroMTS, Brokertec and BGC Partners. The clearing and settlement system of Irish Government bonds is carried out by Euroclear.                  

  • Outstanding Bond Report

    The outstanding amounts of each bond (net of repos and on a “contracted” basis) are published daily in the Irish Government bonds outstanding report.

    Download in PDF format

     
  • Current Benchmark and Non-benchmark Bonds


    Treasury Bond Offering Circular
    Issue Date

    Maturity Date

    Coupon Date

    ISIN Code

    5.9% 2019

    30 Jun 2009

    18-Oct-19

    18 Oct

    IE00B6089D15

    4.5% 2020

    20 Jan 2004

    18-Apr-20

    18 Apr

    IE0034074488

    5.0% 2020

    21 Jan 2010

    18-Oct-20

    18 Oct

    IE00B60Z6194

    0.80% 2022

    14 Jan 2015

    15-Mar-22

    15 Mar

    IE00BJ38CQ36

    0% 2022

    11 Oct 2017

    18-Oct-22

    18 Oct

    IE00BDHDPQ37

    3.9% 2023

    20 Mar 2013

    20-Mar-23

    20 Mar

    IE00B4S3JD47

    3.4% 2024

    14 Jan 2014

    18-Mar-24

    18 Mar

    IE00B6X95T99

    5.4% 2025

    13 Oct 2009

    13-Mar-25

    13 Mar

    IE00B4TV0D44

    1.0% 2026

    14 Jan 2016

    15-May-26

    15 May

    IE00BV8C9418

    0.9% 2028

    10 Jan 2018

    15-May-28

    15 May

    IE00BDHDPR44

    1.1% 2029
    16 Jan 2019
    15-May-29
    15 May
    IE00BH3SQ895

    2.4% 2030

    11 Nov 2014

    15-May-30

    15 May

    IE00BJ38CR43

    1.35% 2031   ISBG documents
    10 Oct 2018
    18-Mar-31
    18 Mar
    IE00BFZRQ242

    1.30% 2033

    17 Apr 2018

    15-May-33

    15 May

    IE00BFZRPZ02

    1.7% 2037

    11 Jan 2017

    15-May-37

    15 May

    IE00BV8C9B83

    2.00% 2045

    10 Feb 2015

    18-Feb-45

    18 Feb

    IE00BV8C9186

    1.50% 2050
    16 May 2019
    15-May-50
    15 May
    IE00BH3SQB22
     
  • Primary Dealer System

    The Irish Government bond market has a strong Primary Dealer group, mainly international investment banks with a global reach.

    The Primary Dealer system and the issuance procedures for the Irish Government bond market are set out in the January 2018 document: The Primary Dealer System in Irish Government Bonds, including issuance and related debt management arrangements (125 KB, PDF format) here.

    The primary dealers recognised by the NTMA each make continuous two-way prices in designated benchmark bonds in specified minimum amounts and within specified maximum bid-offer spreads. A number of stockbrokers also match client orders. The primary dealers are:                                                                                                                                                              

    DealerLocationReuters pageBloomberg page Telephone
    Barclays LondonBARCEGBBCEG+44 207 773 5200
    BNP ParibasParisBPGVBPEG+44 207 595 8777
    Cantor Fitzgerald Ireland LtdDublin
    CTFI+353 1 633 3882
    CitigroupLondonCITIGROUPCGEG+44 207 986 8907
    Danske BankCopenhagen
    DMGV+45 4514 3970
    DavyDublinDAVC – DDAVC+353 1 614 8986
    Deutsche BankFrankfurtDBF18DABB+49 69 910 30810
    Goldman SachsLondon
    GSGB+44 207 774 6093
    HSBC France ParisHSBCIRLHSBC+33 1 407 07172
    JP MorganLondonJPMORGANJPGX 21+44 207 779 3400
    BofA Securities Europe SAParis

    BAME+33 1 877 01212 
    Morgan StanleyLondon
    MS+44 207 425 8000
    Nomura International plcLondonNOMURANOMX+44 207 521 2000
    NATWest Markets London
    RBSM+44 207 085 0133
    Société GénéraleParisSGGOVTSXGV+33 1 42 13 56 67
    UBS Europe SEFrankfurt

    UEUG+49 691 369 1056

    The Primary Dealers are members of the Irish Stock Exchange, on which Irish Government bonds are listed. They have exclusive access to the NTMA’s bond auctions and may avail of repo and reverse repo facilities which the NTMA provides in Irish Government bonds.

     
  • Amortising Bonds

    The NTMA has designed amortising bonds, which make equal annual payments over their lifetime, to meet the needs of the Irish pensions industry. The issuance procedures and related debt management arrangements in respect of these new instruments are outlined in the NTMA’s Information Memorandum on Irish Amortising Bonds (274 KB, PDF format).

    Amortising BondIssue
    Date
    Maturity
    Date
    Coupon
    Date
    ISIN
    Code

    5.72% 2027

    20 Sep. 2012

    20 Jul. 2027

    20 Jul.

    IE00B7XWNN51

    5.82% 2032

    20 Sep. 2012

    20 Mar. 2032

    20 Mar.

    IE00B7Z55X64

    5.92% 2037

    20 Sep. 2012

    20 Jan. 2037

    20 Jan.

    IE00B8JXZJ91

    5.92% 2042

    20 Sep. 2012

    20-May-42

    20-May

    IE00B8JYSW68

    5.92% 2047

    20 Sep. 2012

    20 Sep. 2047

    20 Sep.

    IE00B86ST629

    5.72% 2027

    18 Jan. 2013

    20 Jul. 2027

    20 Jul.

    IE00B8J2NN65

    5.82% 2032

    18 Jan. 2013

    20 Mar. 2032

    20 Mar.

    IE00B8HCPH68

    5.92% 2037

    18 Jan. 2013

    20 Jan. 2037

    20 Jan.

    IE00B8MZCR91

    5.92% 2042

    18 Jan. 2013

    20-May-42

    20-May

    IE00B8RZMN07

    5.92% 2047

    18 Jan. 2013

    20 Sep. 2047

    20 Sep.

    IE00B7TN5929


     
  • Collective Action Clause

    Following the conclusion of the European Council of 24-25 March 2011 a standardised and identical collective action clause (CAC) including supplemental provisions was developed and agreed by the Economic and Financial Committee on 18 November 2011.  In accordance with Paragraph 3 of Article 12 of the ESM Treaty, the model CAC will become mandatory in all new euro area government securities with a maturity above one year issued on or after 1 January 2013 and in a way which ensures the legal impact is identical. Below in PDF format is the agreed collective action clause, the supplemental provisions, the Supplemental Explanatory Note of 26 March 2012  and the Explanatory Note of 26 July 2011. This CAC has been included by reference in all new Irish Government bonds issued after 1 January 2013.

    Collective action clause

    Supplemental provisions

    Explanatory Note of 26 July 2011

     
  • Irish Government Bond Indices

    Euronext Dublin publishes each day six Clean Price Bond Indices and six Total Return Bond Indices, “ISEQ®-BIS”. The twelve bond indices are categorised by time to maturity. They are calculated at 16:30 each day. Daily ISEQ®-BIS data is available on Euronext Dublin’s website. An archive of daily and weekly reports published by Euronext Dublin is available in the below.

    Bond index reports published by Euronext