NTMA raises €4 billion from sale of new 2050 benchmark bond

9 May 2019 - The National Treasury Management Agency (NTMA) has today raised €4 billion through the syndicated sale of a new 30-year benchmark Treasury Bond maturing in May 2050. The funds were raised at a yield of 1.53%.

The total order book in excess of €18 billion comprised over 325 individual accounts. The size of the order book, which represents a bid to cover of 4.6 times, is similar to other Eurozone sovereign issues and reflects wider market trends.

Of the €4 billion issued, over 98% was taken up by overseas investors. More details here.

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

'Today's transaction demonstrates that investor appetite for our bonds continues to be strong and broadly based. We have now exceeded 50% of the mid-point of our target of €14 - €18 billion for the year.

We took advantage of favourable market conditions to execute our second syndicated transaction of 2019 and to continue our strategy of prefunding to meet future redemptions.

Our strong cash balances leave us well placed to meet upcoming maturities in June and October and enhance our ability to borrow on attractive terms.'

The original version of this press release was subsequently updated to include the press release issued by the joint lead managers and the transaction termsheet.

Latest News
17 June 2021

Ireland sells €750m of Treasury Bills by auction

Read More
14 June 2021

Auction of Irish Treasury Bills

Read More
10 June 2021

Ireland sells €1.25 billion of bonds maturing in 2029, 2037 and 2045 by auction

Read More
9 June 2021

National Treasury Management Agency Language Scheme 2021 - 2024

Read More
8 June 2021

NTMA to hold bond auction on 10th June 2021

Read More
20 May 2021

Ireland sells €750m of Treasury Bills by auction

Read More