The National Treasury Management Agency said today it is seeking to raise up to €3 billion from a new 10-year bond, after it hired a syndicate of banks and brokers to sell the security.
The NTMA said it has mandated Barclays, BNP Paribas, Cantor Fitzgerald Ireland, Citi, Danske Bank and JP Morgan as joint lead managers for a forthcoming transaction.
The NTMA usually kicks off its annual funding drive with a syndicated sale and looks set to cover a large chunk of the €6 billion to €10 billion it plans to raise through bond sales this year.
The debt agency said the transaction would be launched in the near future, subject to market conditions, language it typically uses when selling the debt the next day.
Earlier this month, the NTMA said it plans to hold a bond auction on Tuesday March 19, its only such auction of the first quarter of 2024.
The March auction is subject to market conditions.
As was the case last year year, the NTMA said it does not currently expect to issue Treasury Bills in 2024.
