The National Treasury Management Agency (NTMA), which manages the national debt, announces that it will hold a bond auction tomorrow, 8th May. The auction will be conducted on the Bloomberg Auction System and will be confined to recognised primary dealers. A non-competitive auction for 15 per cent of the amount sold in the competitive auction will immediately follow and will close at 10:00 am on Friday 9 May.
The details of the auction are as follows:
• Bond to be auctioned: 3.40% Treasury Bond 2024
• Auction size: €750 million
• Auction opens: 8:00 am
• Auction closes: 10:00 am
• Settlement Date: 13 May 2014
The NTMA raised €1bn in a bond auction last month. That issue was 2.8 times oversubscribed. The auction of the 3.4pc treasury bonds resulted in a yield of 2.917pc. Following that auction, the NTMA has raised €5.75bn in the bond markets so far this year, which is more than 70pc of its €8bn funding target for the full year.
Please see the NTMA’s website www.ntma.ie for further details of the Primary Dealer System and bond issuance arrangements.
http://www.bannon.ie/wp-content/uploads/bannon-commercial-property-2-1.png00mvealehttp://www.bannon.ie/wp-content/uploads/bannon-commercial-property-2-1.pngmveale2014-05-07 12:45:232017-02-20 12:48:18NTMA to hold Bond Auction on 8th May