NTMA to raise up to €4bn through seven-year bond

The NTMA will seek to raise a further €3bn-€4bn as early as today as it moves to refinance the remaining €9.5bn of IMF loans.

NTMA to raise up to €4bn through seven-year bond
Wed, 07 Jan, 2015 - 00:00
John Walsh, Business Editor

The agency announced yesterday that it had mandated Barclays, Davy, HSBC, JP Morgan, Nomura and Royal Bank of Scotland as joint lead managers for a seven-year bond, maturing March 15, 2022.

The NTMA did not disclose how much it would look to raise, but market sources believe that it will be in the range of €3bn-€4bn.

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