15-year treasury bond issued

Ireland successfully issued a new 15-year, €7 billion benchmark treasury bond today.

According to a statement from the National Treasury Management Agency (NTMA), the 5.4 per cent bond was issued through a syndicate group of six of Ireland’s Primary Dealer banks.

The bond, which matures in March 2025, was sold at an issue price of €99.297 per €100 nominal, for an annual yield of 5.472 per cent.

German and UK investors each took up 23 per cent of the bond. French and Dutch investors took up 17 per cent and 8 per cent respectively. Irish investors accounted for 8.5 per cent of the total.

Stable long term investors, such as pension funds, insurance companies and fund managers were responsible for almost 60 per cent of the total take up, the agency said.

The NTMA has already raised €24.5 billion in the bond markets this year and said it expects to secure a further €2 billion in bond auctions to be held later this month and in November.

Funding of €1.3 billion has also been raised in the small savings or retail debt market.