Ireland Plans EUR10 Billion-EUR14 Billion in Bond Issuance in 2022, Less Than in 2021
December 09 2021 - 5:45AM
Dow Jones News
By Emese Bartha
Ireland's National Treasury Management Agency plans to issue 10
billion euros to 14 billion euros ($11.34 billion to $15.88
billion) in bonds in 2022, representing a reduction on the EUR18.5
billion issued in 2021, it said Thursday.
In line with its current practice, the NTMA will issue a
statement at the beginning of each calendar quarter outlining the
bond auction plans for that quarter. It also intends to hold at
least one syndicated bond deal during the year, it said.
"The reduced borrowing range for 2022 reflects Ireland's
improving fiscal position and our long-standing strategy of
pre-funding liabilities," said Frank O'Connor, NTMA's director of
funding and debt management.
He added that with one of the longest maturity profiles in
Europe and lower redemptions over the medium term, the NTMA has
considerable flexibility in meeting Ireland's future borrowing
requirements.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
December 09, 2021 05:30 ET (10:30 GMT)
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