NTMA to raise up to €1bn in bond auction

The Government is seeking to raise up to €1 billion in a bond auction next week.

The Government is seeking to raise up to €1 billion in a bond auction next week.

National Treasury Management Agency will offer two bonds, the first with a coupon of 4 per cent maturing in 2014 and the second with a coupon of 4.5 per cent maturing in 2018,

In a statement it said it would hold further auctions in May and June.

Government bond auctions are confined to primary dealers. The ten primary dealers recognised by the NTMA are: Barclays Capital, BNP Paribas, Calyon, Citigroup, Davy, Deutsche Bank, Dresdner Bank, HSBC, ING Bank and RBS.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter