Here's how much the NTMA made from selling a bond today

There was over €8bn in bids, but how much did the Agency get?

By Órla Ryan Tuesday 4 Nov 2014, 4:31 PM

Nov 4th 2014, 4:31 PM 9,664 Views 15 Comments

https://jrnl.ie/1762217

Image: Shutterstock

Image: Shutterstock

THE NATIONAL TREASURY Management Agency (NTMA) has raised €3.75 billion through the sale of a Treasury Bond.

Some €8.4 billion of bids were received, with interest coming from over 250 accounts including fund managers, pension funds, insurance companies and banks.

The bond, which will mature in May 2030, carries an annual interest rate of 2.487%.

NTMA Chief Executive John Corrigan welcomed the news:

The strong demand from investors globally for this longer-dated bond, our first 15-year maturity since 2009, demonstrates that Ireland has consolidated and enhanced its market access since making a successful return to the international debt markets earlier this year.

The money will go towards repaying loans given to Ireland by the International Monetary Fund.

Read: NTMA meets Irish ‘debt repayment milestone’

Read: Cashing in: the NTMA has raised another €500 million from the markets

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Here's how much the NTMA made from selling a bond today

There was over €8bn in bids, but how much did the Agency get?

Read: NTMA meets Irish ‘debt repayment milestone’