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NTMA's Sole Q4 Bond Auction Set for October 9

The NTMA's final bond auction of the year is set for October 9, pending market conditions. This comes after a strong market response to its offerings, raising nearly €7 billion so far in 2023.

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It is an edited image. In this image we can see a woman standing and smiling. We can also see the...
It is an edited image. In this image we can see a woman standing and smiling. We can also see the currency notes and also the text and on the left and on the right we can see the black color background.

NTMA's Sole Q4 Bond Auction Set for October 9

The National Treasury Management Agency (NTMA) has announced its sole bond auction for the fourth quarter, scheduled for October 9, pending market conditions. This comes as the NTMA has already raised €6.75 billion, nearing its €6-10 billion funding target for the year.

At the helm during this period was Frank O'Connor, who served as the Chief Executive of the NTMA. The agency's borrowing requirement has been relatively low this year, thanks to substantial cash balances and a forecast budget surplus. Despite this, the NTMA has successfully raised a significant amount, indicating a strong response from investors in the stock market today.

The upcoming bond auction, the only one planned for the fourth quarter, is expected to further bolster the NTMA's funding for the year. Market conditions will dictate the final details of the auction.

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