NTMA cancels €500 million of the Irish Floating Rate Treasury Bond 2049

27 March 2019 – The National Treasury Management Agency (NTMA) announces the cancellation of €500 million of the Irish Floating Rate Treasury Bond due to mature on 18 June 2049.

The bonds, which were issued in connection with the Irish Bank Resolution Corporation Act 2013, were purchased today from the Central Bank of Ireland.

Notes to Editors

  • On 8 February 2013 the NTMA issued €25.034 billion nominal of Floating Rate Bonds, with original maturities ranging from 25 to 40 years, which were exchanged for the Promissory Notes held by the Central Bank of Ireland (CBI), on foot of the Irish Bank Resolution Corporation liquidation.
  • Following today’s transaction, €14.5 billion nominal of the Floating Rate Bonds have been bought from the CBI by the NTMA and subsequently cancelled.

Table 1 – Floating Rate Bonds cancelled

YearAmount
€ billion

2014

0.5

2015

2.0

2016

3.0

2017

4.0

2018

4.0

2019
1.0

Total

14.5

Table 2 – Floating Rate Bonds outstanding

BondIssued Feb 2013

€ billion
Outstanding Mar 2019
€ billion

Floating Rate Treasury Bond 2038

2.000


Floating Rate Treasury Bond 2041

2.000


Floating Rate Treasury Bond 2043

2.000


Floating Rate Treasury Bond 2045

3.000


Floating Rate Treasury Bond 2047

3.000


Floating Rate Treasury Bond 2049

3.000

0.500

Floating Rate Treasury Bond 2051

5.000

5.000

Floating Rate Treasury Bond 2053

5.034

5.034

Total

25.034

10.534