Ireland sells €500 million of its 10-Year bond by auction

10 July 2014 – The National Treasury Management Agency (NTMA) has today completed an auction of €500 million of the benchmark 10-Year Irish Government bond, the 3.40% Treasury Bond 2024, at a yield of 2.315%.

Total bids received amounted to €1,370 million which was 2.7 times the amount on offer. 

Maturity Amount Yield Cover
18 March 2024 €500m 2.315% 2.7 times

With the completion of today’s auction the NTMA has raised €7 billion in the bond markets so far this year which is more than 87 percent of its funding target of €8 billion for the full year.

Today’s auction completes the bond auction schedule for Q3 of 2014. A statement on the NTMA’s bond issuance plans for Q4 of 2014 will be made at a later date.