NTMA publishes Annual Funding Plan for 2023

  • Plans to issue €7 billion to €11 billion of bonds during the year
  • At least one syndicated bond deal planned for 2023
  • No issuance of Treasury Bills currently expected

1 December 2022

The National Treasury Management Agency (NTMA) plans to issue €7 billion to €11 billion of bonds over the course of 2023.

The NTMA will issue a statement at the beginning of each calendar 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’s strong funding position means it does not currently expect to issue Treasury Bills during 2023.

Dave McEvoy, NTMA Director of Funding and Debt Management, said:

“Our borrowing plans for 2023 reflect our strong cash balances, projections of an Exchequer surplus and a relatively low level of maturing debt in the coming year.

We continue to have considerable flexibility in meeting Ireland’s borrowing requirements. This stems from our long-standing strategy of pre-funding, having one of the longest maturity profiles in Europe and lower debt redemptions over the medium term. While recognising the potential for continued uncertainty, we are entering 2023 from a position of strength.”

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