— Clarifies Maturity Range Is 15 To 35-years
LONDON (MNI) – Ireland’s National Treasury Management Agency (NTMA)
announced Thursday that it has opened a formal sale process for five new
Irish Amortising Bonds, with maturity dates ranging from 15 years to 35
years.
The debt agency earlier this week said it will initially issue
amortising bonds with maturities of 15, 20, 25, 30 and 35-years, subject
to market conditions.
Irish Amortising Bonds (IABs) are amortising bonds which make equal
annual payments over their lifetime and each such annual payment
includes a partial principal repayment and a payment of interest, as set
out in the offering circular for each IAB,
All details were outlined in the Irish Amortising Bonds Information
Memorandum of July 2012.
The issuance will take place by way of tap and will be open only to
recognised Primary Dealers in Irish Government bonds, said the NTMA.
Orders may be placed between 0900GMT and 1200GMT, subject to the
NTMA’s right to close the tap at any time, added the NTMA.
–London newsroom: 00 44 20 7862 7494; email:nshamim@marketnews.com
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