NTMA to raise further €1bn-€1.5bn in debt sale

Ireland entered the ‘green’ bond market in 2018, with the NTMA raising €3bn in an auction which received more than €11bn worth of orders. File Picture

The National Treasury Management Agency (NTMA) will look to raise a further €1bn-€1.5bn through the sale of long-term government debt, at low interest rates, this week.

Two bonds are to be auctioned on Thursday, one being a so-called ‘green’ bond – where the proceeds of the loan are invested in environmentally-aware projects – with an 11-year maturity; and a regular treasury bond, due to mature in 2050.