Early IMF repayment to net €1.5bn for Government

The Government remains on target to achieve €1.5bn in savings from the early repayment of IMF loans, according the NTMA’s director of funding and debt management.

Frank O’Connor was speaking to the media following yesterday’s release by the NTMA of a schedule of bond issues over the first quarter of this year. Bond auctions will be held on February 12 and March 12, both Thursdays, subject to market conditions. Details of the bond auctions will be announced on the Monday prior to each auction.

Treasury Bill auctions will take place on January 29 and March 19, also both Thursdays, also subject to market conditions. Details of the Treasury Bill auctions will be announced on the Monday prior to each auction.