NTMA raises €4bn through sale of 10-year bonds

NTMA raises €4bn through sale of 10-year bonds

The National Treasury Management Agency (NTMA) today raised €4bn through the syndicated sale of a new 10-year benchmark Treasury Bond maturing in May 2028.

The funds were raised at a yield of 0.944%.

The total order book of over €14bn included in excess of 140 individual accounts, the agency said in a statement.

Of the €4bn issued, almost 90% was taken up by overseas investors, including UK (38%), Americas (15%), Germany/Austria (14%) and Nordic countries (10%).

The main investor categories were asset managers (37%), banks (24%), pension funds/insurance (19%) with the balance spread across hedges funds, central banks and official institutions.

“There was strong investor demand for today’s sale, which is the first European sovereign deal of 2018. The success of the transaction gets our 2018 funding programme off to a positive start and further strengthens our funding position,” said NTMA director of funding and debt management, Frank O'Connor.

More in this Section

Central Bank chief warns any form of Brexit will be damaging for IrelandCentral Bank chief warns any form of Brexit will be damaging for Ireland

Dyson advert banned over ‘misleading’ hose length claimDyson advert banned over ‘misleading’ hose length claim

Aston Martin unveils first SUVAston Martin unveils first SUV

EasyJet shares fly higher despite profit turbulenceEasyJet shares fly higher despite profit turbulence


Lifestyle

It won’t come as news to mothers-to-be that they are not eating for two, as the old saying goes, but the number of extra calories needed may come as a surprise. And it’s much fewer than you might think.Eating for two: It's quality not quantity of food that matters during pregnancy

I fear I might be getting to that stage with my daughter Joan, who is 8, whereby I am the needy one! I fear I might be getting to that stage with my daughter Joan, who is 8, whereby I am the needy one!Mum's the word: I’m the needy one... I get the kiss off from my own daughter!

US-born singer-songwriter Peter Broderick plays Triskel Christchurch in Cork tomorrow as part of the Quiet Lights festival. The event continues through the weekend at various venues around the city with concerts from the likes of Lankum, Rozi Plain and Ye Vagabonds.A question of taste: Singer-songwriter Peter Broderick

Paul Kelly, project manager, Boomerang Enterprises in conversation with Ellie O'ByrneParents for the planet: Paul Kelly springs into action to help the environment

More From The Irish Examiner