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NTMA announces syndicated bond tap plan, cancels May 14 auction

The NTMA plans to raise a relatively modest €10-14 billion this year due to the Government projecting another budget surplus
The NTMA plans to raise a relatively modest €10-14 billion this year due to the Government projecting another budget surplus

The National Treasury Management Agency has today announced plans for a ‌syndicated ⁠bond transaction in the coming weeks and the cancellation of ‌a scheduled debt ⁠auction ‌on May 14.

The bond ⁠tap ‌would be subject to market conditions, ⁠the NTMA said.

The NTMA has issued €6.25 billion of benchmark bonds so far this year.

It plans to raise a relatively modest €10-14 billion this year due to the Government projecting another budget surplus.