Wednesday October 21, 2020

NTMA to repay final costly recession-era bonds tomorrow

Move to repay €6.5 billion to investors will save exchequer hundreds of millions of euro in annual interest payments

Ian Guider

Markets Editor

@ianguider
18th October, 2020
NTMA will repay about €6.5 billion to investors in the bond along with the last interest payment of €300 million

The National Treasury Management Agency (NTMA) is to repay the last of its expensive recession-era bonds tomorrow, in a move that will save the exchequer hundreds of millions of euro in interest payments annually.

About €6.5 billion will be repaid to investors in the bond along with the last interest payment of €300 million, sources said.

The repayment from the state’s cash reserves will mean there is little debt due in the next couple of...

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