NTMA to sell €750m of bonds this week

Debt agency’s latest move will bring total debt issuance so far in 2017 above €10 billion

The National Treasury Management Agency (NTMA) plans to sell €750 million of bonds on Thursday.

This will bring to €10.1 billion the total amount of debt raised by the State agency so far this year. The NTMA plans to sell bonds due in 2022 and 2045 in the latest auction.

The agency has a full-year target of raising between €9 billion and €13 billion through the sale of long-term debt this year. It plans a further bond auction in September 14.

Joe Brennan

Joe Brennan

Joe Brennan is Markets Correspondent of The Irish Times