NTMA to raise up to €2bn through 30-year bond

The NTMA will raise up to €2bn through a 30-year bond that could be issued as early as today. It will be the first 30-year bond in the history of the State.

The NTMA is looking to exploit very favourable credit market conditions. Irish bond yields have tumbled to record lows over the past few months on the back of a supportive external environment and renewed growth in the domestic economy.

The NTMA announced that it has mandated Barclays, Citigroup, Credit Agricole, Danske Bank, Davy Stockbrokers, and the Royal Bank of Scotland as joint lead managers “for a forthcoming 30-year Euro Reg S benchmark transaction, maturing 18 February 2045”.