The State is seeking to raise up to €1.25 billion through the auction of two treasury bonds on Thursday, the National Treasury Management Agency (NTMA) has announced.
One of the treasury bonds will mature in 2023 with a yield of 0.35 per cent, while the other will mature in 2050 with a yield of 1.5 per cent.
The latest auction will be conducted on the Bloomberg Auction System, and is confined to recognised primary dealers. It will open at 8am and close at 10am.
The agency aims to raise €10 billion-€14 billion in international bond markets in 2022, marking a decline of up to 46 per cent on the amount raised last year as the Government’s Covid-related spending eases.
Marty Morrissey gets an A+ in new football rules, even if some pundits aren’t yet sold
Breda O’Brien: Nicole Kidman’s Babygirl isn’t the ‘hottest film this year’. It might be among the most depressing
High noon for developer Paddy Kelly, who faces run-in with the sheriff over unpaid rent arrears
Pat Leahy: Angry Dáil scenes were partly the result of Sinn Féin’s determination to be a more aggressive Opposition
From a budget surplus in 2019, the Government deficit ballooned to €18.4 billion in 2020 before narrowing in 2021 to about €9 billion.
The total fiscal response to the Covid-19 crisis so far has run into tens of billions, with more than 80 per cent directed at supporting employees, households and businesses as well as increased health and capital spending.
