NTMA raises €2.5 billion from sale by syndicated tap of 2017 Bond

The original version of this press release contained a provisional geographic breakdown of investor take up. The updated version below contains final figures and the press release issued by the transaction syndicate (204 KB, PDF format).

8 January 2013 - The National Treasury Management Agency (NTMA) has today raised €2.5 billion through the sale by way of syndicated tap of its Treasury Bond which matures in October 2017. The funds were raised at yield of 3.316 per cent.

Of the amount issued today 13 per cent was taken up by domestic investors and 87 per cent by overseas investors. The overseas investors were mainly from the UK (33%), Nordic countries (19%), France (11%), and Germany (7%). Outside of Europe, the US and Canada together accounted for 9% and Asia just over 1%.

There was broad investor interest in the issue with over 200 investors submitting bids, including fund managers, banks, pension funds and insurance companies. The total bids received amounted to some €7 billion.

Today's funding accounts for 25 per cent of the NTMA's total funding target of €10 billion for 2013.

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