NTMA announces 10-year bond auction for Thursday
The National Treasury Management Agency (NTMA) has announced that it will hold a bond auction on Thursday.
It is the first such auction since September 21, 2010.
NTMA Chief Executive John Corrigan said: "The resumption of scheduled bond auctions builds on the phased re-entry to the capital markets achieved by the NTMA over the past two years and marks the full normalisation of Ireland’s presence in the markets."
Up to €1bn worth of ten-year bonds with a rate of 3.4% will be available between 8am and 10am on the day.
The auction will be conducted on the Bloomberg Auction System and will be confined to recognised primary dealers.
A non-competitive auction for 15% of the amount sold in the competitive auction will immediately follow and will close at 10am on Friday, March 14.
