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Ireland cancels 500 million euros of floating rate treasury bond

Xinhua, February 17, 2017 Adjust font size:

Ireland on Thursday announced the cancellation of 500 million euros of the floating rate treasury bond due to mature on June 18, 2043.

The bonds, which were issued in connection with the Irish Bank Resolution Corporation Act 2013, were purchased on Thursday from the Central Bank of Ireland, the National Management Treasury Agency (NTMA) said in a statement.

Following this cancellation, the floating rate treasury bond due to mature on June 18, 2043 has now been retired, the NTMA said.

In Ireland, the NTMA is responsible for borrowing on behalf of the government and managing the national debt.

Last week, it sold 600 million euros of bonds that are due to be repaid in 2022, and a further 650 million euros of securities that mature in 2026.

The agency raised 8.25 billion euros in funding last year. Endit