Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Julien Behal via Press Association Images
NTMA

NTMA announces buyback of treasury bond

The 4 per cent treasury bond will mature in January.

THE NATIONAL TREASURY Management Agency announced today that they will buy back a bond due to mature next month which will lower the country’s debt.

The 4 per cent treasury bond was issued in January 2009 and has a current nominal outstanding of €6.8 billion.

The NTMA will lower Ireland’s debt with the bond buyback. The yield on the bond is 0.1 per cent.

The buyback will be conducted through recognised Primary Dealers in Irish Government Bonds.

  • For details of the 18 Primary Dealers click here.

The NTMA said this buyback offer is open to all holders of this bond.

The NTMA will play it safe and look to raise €6-10 billion on bond markets in 2014>

NTMA suspends Treasury Bill auctions until 2014>

Your Voice
Readers Comments
22
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.