The National Treasury Management Agency has today raised €300m through the placement of a new inflation-linked bond, which will mature in April 2045.
This is the NTMA's second inflation-linked bond after it issued its first one in April 2017.
Today's bond has a tenor of 26 years and will mature in April 2045. It was issued at a negative yield of -0.05%.
Frank O'Connor, the NTMA's Director of Funding and Debt Management said, today's bond is an attractive form of borrowing which allows the agency to harness demand from Irish institutional investors.
Mr O'Connor said that providing an Irish inflation-linked bond gives investors, who would otherwise invest in other euro zone inflation-linked instruments, an investment that is tailored to their specific requirements.
"This allows us to borrow for a long duration on competitive terms," he said.
"It shows our commitment to continued diversification of our issuance activity whenever we see opportunities to meet investor appetite that are consistent with our borrowing requirements," Mr O'Connor added.