Another price paper (over a longer time period) – available here.
Month: January 2013
The NTMA have announced:
NTMA Announces Syndicated Tap of 2017 Bond
7 January 2013 – The National Treasury Management Agency (NTMA) has today announced to the market that it will seek to raise new money through a syndicated tap of its 2017 Treasury Bond in the near future, subject to market conditions.
A syndicated tap is the sale, at a pre-determined price, of additional amounts of an existing bond through a number of appointed banks and is open to all institutional investors. The NTMA has mandated Barclays, Danske, Davy, RBS and Société Générale as joint lead managers for the transaction, details of which will be announced in due course.
The finer details are scarce for the moment. Someone referred to it as a “massive step”. The indicative five-year yield as calculated by Bloomberg is here.
UPDATE: Results here.
Hidden away in the Business section of today’s Irish Times,
some thought-provoking advice from Conor Killeen of Key Capital deserves a thread.
I have an op-ed in today’s Irish Times – it is here.
The new issue of the Economist has an article on Ireland here.