NTMA reduces debt payments

The NTMA has reduced the lumpy debt repayments falling due in 2016 through a combination of a bond buyback and bond switch with a combined value of €2,036.5m.

Following both transactions, a 2016 4.6% treasury bond with a total value of €10,168.5m has been reduced to €8,132m.

A total of €1,077.5m nominal value of the 2016 bond has been bought back by the NTMA on an outright basis at a price that yields 0.165%.