Ireland slashes funding target for next year

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By Burhan Khadbai
09 Dec 2019

Ireland’s National Treasury Management Agency (NTMA) on Monday announced a reduced borrowing programme for 2020.

Ireland plans to raise €10bn-€14bn of bonds next year, compared to €14bn-€18bn in 2019. It intends to hold at least one syndication in 2020.

The reduction in borrowing is due to the sovereign’s strategy of pre-funding ahead of major bond redemptions.

“The NTMA’s pre-funding strategy has given us ...

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