NTMA raises €4 billion from sale of new 7-year benchmark bond


The National Treasury Management Agency (NTMA) has today raised €4 billion through the syndicated sale of a new benchmark Treasury Bond maturing in March 2022. The funds were raised at a yield of 0.867 per cent.

The total order book amounted to €5.75 billion and included interest from over 160 investors. Of the €4 billion issued 15 per cent was taken up by domestic investors and 85 per cent by overseas investors. The overseas investors were from mainland Europe (33%), UK (29%), Nordics (10%), Asia (6%), the US (6%) and Others (2%).

In terms of investor categories, 42% of the issue was sold to fund managers, 34% to banks including central banks, 13% to the pension fund and insurance sector with the remaining 11% spread across private banks, hedge funds and others.

“This syndicated sale of €4 billion of a 7-year benchmark bond at a historically low yield of 0.867% represents a strong start to our 2015 funding plan which targets total bond issuance of €12 to €15 billion.” – NTMA Director of Funding and Debt Management Frank O’Connor.

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