THE NATIONAL TREASURY Management Agency has announced to the market that it will seek to issue a new 10-year bond maturing in March 2023.

The NTMA, the body which manages Ireland’s debts on the Government’s behalf, said the bond would be issued subject to market conditions “in the near future”.

In a statement, the NTMA has mandated Barclays, Danske Bank, Davy, Goldman Sachs International, HSBC and Nomura as joint lead managers for the transaction, details of which will be announced in due course.

The new bond will help restore market confidence in Ireland.

Last month, the NTMA formally issued new bonds to replace the promissory notes.

Read: Draghi: ECB’s bond-buying programme can’t help Ireland escape bailout >

More: Ireland’s cost of borrowing falls as NTMA formally issues new bonds >

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NTMA announces issue of new 10-year bond 'in due course'

Read: Draghi: ECB’s bond-buying programme can’t help Ireland escape bailout >

More: Ireland’s cost of borrowing falls as NTMA formally issues new bonds >

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.