01/16/2025 | Press release | Distributed by Public on 01/16/2025 07:37
16 January 2025 - The National Treasury Management Agency (NTMA) today commenced its 2025 funding programme by raising €3 billion through the syndicated sale of a new 30-year benchmark bond.
The funds were raised at a yield of 3.154%.
The bond matures in October 2055.
This is the third 30-year benchmark bond issued by the NTMA and the first since May 2019.
Today's transaction saw strong demand from a well-diversified investor base with a total order book of over €36 billion which included almost 250 individual accounts.
The €3 billion issued in today's transaction means the NTMA has completed almost 40% of the mid-point of its €6 billion to €10 billion bond funding range for 2025.
The NTMA will hold its first bond auction of the year on 20 March.
NTMA Director of Funding and Debt Management Dave McEvoy said:
"Today's 30-year bond transaction demonstrates continuing strong investor appetite for Irish Government bonds.
Owing to the Exchequer's healthy cash and liquid asset balances, and the projected Exchequer surplus, we expect to have a relatively limited borrowing requirement this year.
The €3 billion raised today represents almost 40 per cent of the mid-point of our 2025 bond funding range, leaving us well positioned to meet the Exchequer's funding needs over the remainder of the year".