Markets

Ireland sits out record day of bond sales across Europe

While European states offload bonds now, the NTMA plans to have one auction in March and one syndication this quarter

A record of more than €45.7 billion of new publicly syndicated debt from financials, corporates and public-sector borrowers is set to price on Tuesday, according to data compiled by Bloomberg. Picture: Getty

Ireland is sitting out what has shaped up to be Europe’s busiest day ever for primary bond market issuance - driven by government bond sales.

A record of more than €45.7 billion of new publicly syndicated debt from financials, corporates and public-sector borrowers is set to price on Tuesday, according to data compiled by Bloomberg. Driving much of the issuance has been bumper deals from European nations with Belgium, the United Kingdom and Italy all ...