Ireland Completes 2022 Funding Program Due to Strong Cash Position
By Emese Bartha
Ireland's National Treasury Management Agency has completed a
review of its planned issuance programme for the remainder of 2022
and sees no need for any further auctions of government bonds and
treasury bills, it said Wednesday.
"The review has concluded that the strength of the Exchequer's
cash position, coupled with the surplus for the year projected in
yesterday's Budget, eliminates any requirement for the Agency to
issue additional long-term bonds before the end of this year," the
NTMA said in a statement.
This means that the NTMA won't conduct government bond or
treasury bill auctions in the fourth quarter, it said.
The NTMA will resume long-term borrowing activity in early 2023,
it said, adding that in line with the practice of previous years,
it will announce the funding range for next year in December.
Write to Emese Bartha at email@example.com
(END) Dow Jones Newswires
September 28, 2022 07:29 ET (11:29 GMT)
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