NTMA announces buyback of 2014 bonds

UPDATE: The National Treasury Management Agency (NTMA) has announced a buyback of the Ireland 4 per cent Treasury Bond maturing 15 January 2014.

17th December, 2013
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The National Treasury Management Agency (NTMA) has announced a buyback of the Ireland 4 per cent Treasury Bond maturing 15 January 2014.

It is understood that a significant portion of the bonds are held by the Irish banks, the NTMA and Nama. The buyback will reduce the country’s debt to GDP ratio, it is believed, as the NTMA is expected to use some of the state's cash reserves to buy back the securities.

The bond was...

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