€7.5m fees for NTMA bond lead managers

Finance Minister Michael Noonan has confirmed that six joint lead managers of the NTMA’s recent 10-year €5bn bond sale are toreceive €7.7m in fees.

In a written Dáil response to Sinn Féin’s Pearse Doherty, Mr Noonan said that €8.75m is to be paid in fees to 17 primary dealers in government bonds in connection with the sale.

Mr Noonan said 89%, or €7.7m, of this was paid to six of the primary dealers: Barclays, Danske Bank, Davy, Goldman Sachs International, HSBC, and Nomura, which acted as joint lead managers having significant roles in the new 10-year bond sale.