The National Treasury Management Agency has said it's "ready" to issue so-called annuity bonds, new securities aimed at domestic pension funds, in what would represent a return to credit markets after the 2010 EU-IMF bailout.
"The NTMA is not prescriptive about any particular term for these bonds but based on industry needs it anticipates that they will be for a range of maturities of up to 35 years," the NTMA said in an e-mail response to questions.
"The NTMA is ready to issue these bonds subject to market demand and subject to yield."
"Amortising bonds may be issued at a price determined by the NTMA or may be auctioned in the same manner as normal bond auctions and a decision on this will be made at the time of issuance," the agency said.
- Bloomberg
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VR3765MFOBH2NMV2QNICYDF67M.png)