NTMA aiming to raise €3 billion with new 10 year bondMonday 06 January 2014 16.13
The National Treasury Management Agency is to make its first post-bailout sale of Government bonds in the coming days - possibly as early as tomorrow.
Market sources expect the NTMA to offer around €3 billion worth of ten year bonds to the market through a syndicate of six banks.
The agency announced the appointment of Barclays, Citi, Danske Bank, Davy, Deutsche Bank and Morgan Stanley as joint lead managers for the sale.
The NTMA has previously told markets that it will seek to raise €6-10 billion this year.
Market sources think the use of almost €2 billion - raised by the sale of Bank of Ireland preference shares - as cash-flow by the State will mean a debt issuance at the lower end of that range in 2014.