merrion street

The National Treasury Management Agency today held an auction of €750 million in bonds maturing in 2030. Total bids received today amounted to €1,938 million which was 2.6 times the amount on offer and the yield was 0.978%.
The NTMA has issued €8.25 billion of long term debt from its stated target range of €6 – 10 billion in the bond markets this year.
Commenting on today’s NTMA bond auction, Minister for Finance Michael Noonan T.D. said:
“I very much welcome this sale of €750 million in government bonds at a yield of 0.978%. The cover of 2.6 times demonstrates that investor interest was very strong.”
“Today’s successful bond sale yet again represents Irelands continuing growth and demonstrates confidence in Ireland among the global markets.”