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NTMA sells €1.5 billion of nine and 30-year bonds

The NTMA has now issued €12.5 billion worth of bonds so far this year
The NTMA has now issued €12.5 billion worth of bonds so far this year

The National Treasury Management Agency said it has sold €1.5 billion of nine and 30 year bonds at an auction today with yields of 0.043% and 0.792%.

This was at the top of the NTMA's planned range as it seeks to fund additional spending to cope with the coronavirus crisis. 

The NTMA last month revised its 2020 funding target of €20-24 billion, up from the €10-14 billion envisaged before the crisis. 

It has now issued €12.5 billion worth of bonds so far this year.