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NTMA bonds return

THE National Treasury Management Agency (NTMA) is ready to return to the bond markets for the first time since the 2010 EU/IMF/ECB bailout loans.

The agency, which manages the country's debt, will issue annuity bonds which are new instruments that would be sold to domestic pension funds, according to reports.

"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 stated.