The National Treasury Management Agency is seeking to raise €3 billion from a new 30-year bond, it said today after it hired a syndicate of banks and brokers to sell the security.
The NTMA usually kicks off its annual funding drive with a syndicated sale and looks set again to cover a large chunk of the modest €6 billion to €10 billion it plans to raise through bond sales this year.
The 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.
The NTMA has mandated Danske Bank, Deutsche Bank, Goldman Sachs Bank Europe, Goodbody, HSBC and JP Morgan as joint lead managers for the transaction.
