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.

Maturity profile of outstanding Irish Government Bonds at end-July 2019

  • 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
      10 Oct 2018
      18-Mar-31
      18 Mar
      IE00BFZRQ242

      1.30% 2033 ISGB documents

      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 Euronext Dublin, 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

  • Floating Rate Treasury Bonds
  • 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.

      We have been informed by Euronext that the ISEQ Bond Index Series will be discontinued from close of business 29th November 2019. Bond Indices will be discontinued as of that date.

      Bond index reports published by Euronext

  • Matured and Retired Bonds 2013 to 2019