NTMA debt auction raises €1.25bn from bonds

Long-term debts sale brings total of €5.25bn raised so far this year by the agency

The National Treasury Management Agency (NTMA) has sold €1.25 billion in bonds in an auction on Thursday.

The latest debt sale include a 1.1 per cent Treasury Bond maturing in 2029, which had a yield of 0.846 per cent, and a 1.7 per cent Treasury Bond due to mature in 2037, with a yield of 1.414 per cent.

Both bonds were oversubscribed with the 2029 bond covered 2.2 times after receiving bids for a total of €2.13 billion of the debt. The were offers of €839 million for the €300 million of debt available in the 2037 bond, meaning it was 2.8 times oversubscribed.

The agency, which sold €4 billion of bonds in January also plans to auction short-term notes, known as Treasury Bills, on March 14th.


The NTMA is aiming to raise between €14 billion and €18 billion of long-term debt in capital markets this year as it continues its practice of raising money ahead of schedule to meet bond maturities.

Ciara O'Brien

Ciara O'Brien

Ciara O'Brien is an Irish Times business and technology journalist