National Treasury Management Agency to raise €1bn in 2016 Bond Auction
Last Updated on Friday, 12 March 2010 08:00 Written by a2e Friday, 12 March 2010 08:00
The sale of a 4.6 per cent 2016 bond and a 4.5 per cent 2020 bond on March 16th is expected to raise between €1 billion and €1.5 billion.
“At its last monthly competitive auction in February, the NTMA raised €1.5bn, hitting the top of its target range at lower yields than in recent auctions in a sign that investors favoured Ireland’s debt over other weaker Euroland states,” said Bloxham’s chief economist Alan McQuaid.
“Purely on a funding perspective alone, Ireland is in better shape than the other ‘peripheral’ euro zone bond markets and we expect that to be reflected in strong investor appetite for this latest debt offering.”
