Ireland to raise up to 13 bln euros in bond markets in 2017
Xinhua, December 14, 2016 Adjust font size:
Ireland said on Tuesday it would issue between nine and 13 billion euros (9.6 and 13.8 billion U.S. dollars) of long-term bonds over the course of 2017.
The National Treasury Management Agency (NTMA) said it would issue a statement at the beginning of each quarter outlining the auction plans for that quarter, adding that it intended to hold at least one syndicated bond deal during the year.
The NTMA said it would continue to issue treasury bills during 2017 and that further details would be contained in the quarterly announcements.
In Ireland, the NTMA is responsible for borrowing on behalf of the government and managing the national debt.
In its 2016 funding plan, the NTMA set a target to raise between 6 and 10 billion euros from the bond markets in 2016. So far, it has raised 8.25 billion euros in funding in 2016. (1 euro = 1.06 U.S. dollars) Endit