skip to main content

NTMA sells €750m of seven-year bonds at 0.8%

The National Treasury Management Agency is already fully funded for this year
The National Treasury Management Agency is already fully funded for this year

The National Treasury Management Agency said it sold €750m of seven-year bonds - as planned today - at a yield of 0.81%. 

The NTMA had sold €1 billion of 30-year debt at a record low yield of 1.3% at its last bond auction in March. 

Since then interest rates on Irish debt have risen in line with other countries in a global retreat from fixed income assets. 

The agency is already full funded for the remainder of the year and has raised over €10 billion from its guided range of €12-15 billion of debt to fund the state for 2016.