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NTMA completes bond issuance for 2023

The National Treasury Management Agency has now completed its bond issuance for the year
The National Treasury Management Agency has now completed its bond issuance for the year

The National Treasury Management Agency has today completed an auction of €1 billion of benchmark Irish Government bonds.

The bonds are due to mature in 2027 and 2045.

With the completion of today's auction, the NTMA has issued €7 billion of benchmark bonds this year, adding that it has now completed its bond issuance for 2023.

The NTMA had aimed to raise between €7 billion and €11 billion this year.

But the debt agency said in July it would stop at the lower end due to its large cash balances - which stood at over €25 billion at the end of June - and a large projected government budget surplus.