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NTMA to hold dual bond auction on Thursday

The NTMA has already this year raised €14.5 billion
The NTMA has already this year raised €14.5 billion

The National Treasury Management Agency said it will seek to raise between €1 billion and €1.25 billion by selling nine and 28-year debt in its final bond auction of the year on Thursday.

The NTMA had originally planned to issue €9-13 billion in long-term debt this year.

But the agency has already this year raised €14.5 billion via benchmark sales and a further €610m in its first ever sale of inflation-linked bonds to facilitate the early repayment of some of its 2010 bailout loans. 

The Department of Finance said in September it would seek early repayment of €5.5 billion of bailout loans consisting of its outstanding debt to the International Monetary Fund, Denmark and Sweden.

It said it hoped to save around €150m in the process.