Record low yield in €750 million bond sale

The NTMA has now raised nearly 80 per cent of this year’s target.

By Jack Horgan-Jones Thursday 8 May 2014, 11:01 AM

May 8th 2014, 11:01 AM 8,846 Views 31 Comments

http://jrnl.ie/1453984

The Treasury Building in Dublin, home of the NTMA

Image: Leon Farrell/Photocall Ireland

The Treasury Building in Dublin, home of the NTMA

Image: Leon Farrell/Photocall Ireland

THE NATIONAL TREASURY Management Agency has sold €750 million in 10 year bonds this morning.

The yield of 2.730 per cent is a record low for this bond.

The NTMA said that today’s sale means it has raised 80 per cent, or €6.5 billion of its €8 billion funding target for the year so far.

The total bids received in the auction amounted to €2,072 million, which was 2.8 times the amount on offer. The bills sold today will mature on 18 March 2024.

This will be the last auction during the second quarter of this year, with the NTMA planning to issue an announcement on its plans for bond issuances for Q3 at “a later date.”

Ireland’s bond yields are almost as good as Belgium’s, so we’re moving the right way – NTMA>

NTMA grabs €500 million from markets>

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Record low yield in €750 million bond sale

The NTMA has now raised nearly 80 per cent of this year’s target.