NTMA may consider syndicated sale
The National Treasury Management Agency (NTMA) may consider a sale of bonds by banks, according to Glas Securities, which specialises in fixed-income markets.
“If market conditions allowed, a syndicated deal may be considered before year-end,” the Dublin-based firm said in a note today.
Ireland sold €1.5bn of bonds in an auction yesterday, with demand rising for a 2014 note.
“There was also some speculation that EU central banks may have bought some short dated Irish government bonds late in the day,” Glas said.