NTMA Funding Statement for 2019

13 December 2018 - The National Treasury Management Agency (NTMA) plans to issue €14 billion to €18 billion of bonds over the course of 2019.

The NTMA will issue a statement at the beginning of each quarter outlining the bond auction plans for that quarter. It also intends to hold at least one syndicated bond deal during the year. The NTMA will continue to issue Treasury Bills during 2019 and further details will be contained in the quarterly announcements.

NTMA Director of Funding and Debt Management Frank O'Connor said:

'We expect to start 2019 with strong cash balances in excess of €13 billion and are well placed to fund maturities totalling €15 billion that will arise during the year. Our expected funding of €14-18 billion in 2019 continues our strategy of prefunding to meet future redemptions, with 2020 marking the last year in which sizeable repayments are falling due. Ireland's average maturity, which we have increased to close to 10 years, is one of the longest in Europe. There may be opportunities for further diversification of our issuance in 2019, building on the success of our inaugural Irish Sovereign Green Bond (ISGB) which issued in 2018.'

Latest News
20 February 2020

Ireland sells €500m of Treasury Bills by auction

Read More
17 February 2020

Auction of Irish Treasury Bills

Read More
11 February 2020

NTMA cancels €500 million of the Irish Floating Rate Treasury Bond 2051

Read More
9 January 2020

NTMA Auction Schedule for Quarter 1, 2020

Read More
8 January 2020

NTMA raises €4 billion from sale of new 15-year benchmark bond

Read More
7 January 2020

NTMA Institutional Investor Presentation, January 2020

Read More