NTMA plans to raise €14bn-€18bn in 2018

Debt-management agency outlines plans for upcoming year

 

The National Treasury Management Agency (NTMA) has outlined its funding plans for the upcomnig year.

The State debt-management agency said it plans to issue between €14 billion and €18 billion of bonds over the course of 2018.

It said it would issue a statement at the beginning of each quarter outlining the bond auction plans for that quarter. It also intends to hold at least one syndicated bond deal during the year.

The NTMA will continue to issue Treasury Bills during 2018 and further details will be contained in the quarterly announcements.

“Having borrowed over €17 billion in 2017, the 2018 Funding Plan seeks to continue our strategy of prefunding to take advantage of the favourable interest rate environment and provide greater certainty on our debt service costs,”the NTMA’s head of funding and debt management Frank O’Connor said.