The National Treasury Management Agency will seek to raise around €4 billion from a new 10-year bond, a market source said today, after the country's debt agency hired a syndicate of banks and brokers to sell the security.
The NTMA 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.
It said it had mandated Barclays, BofA Securities, Cantor Fitzgerald Ireland, Goodbody, JP Morgan and NatWest as joint lead managers for the sale that could cover a large chunk of the €10 billion to €14 billion it plans to raise this year.
