NTMA raises €4 billion from sale of new 30-year benchmark bond

The NTMA has today raised €4 billion through the syndicated sale of a new benchmark Treasury Bond maturing in February 2045. The funds were raised at a yield of 2.088 per cent.

The total order book amounted to €11.2 billion with interest from over 350 investors. Of the €4 billion issued 95 per cent was taken up by overseas investors including U.K. (26%), Germany (24%), France (13%), U.S. (7%), Nordics (7%), Asia (2%) and other mainland Europe (14%).

 

The main investor categories were asset managers (45%) fund managers (15%), pension funds and insurance companies (12%), banks (11%) with the balance spread across hedge funds, central banks, corporates and others.

“The strength of investor demand for this first 30-year euro benchmark bond at a yield close to 2% opens up a new part of the yield curve for Ireland and further lengthens our maturity profile. With the completion of today’s transaction, the NTMA has now raised €8 billion since the start of the year, taking us over halfway to our full-year target issuance of €12 to €15 billion.” – NTMA Director of Funding and Debt Management Frank O’Connor.