Irish Sovereign Green Bonds Update
NTMA has indicated a funding plan of €16 - €20bn for 2021
€12bn already funded this year
Flexibility >10 years
Ireland has large cash balances
and a year free of maturing
bonds in 2021
In addition to bond funding,
Ireland received €2.5bn in EU
Sure funding in Q1
Weighted average maturity of
debt one of longest in Europe
The ECB's first QE program
enabled NTMA to extend debt
maturities and reduce interest
cost. Now ECB buying in large
amounts with few limitations
AA-
Ireland has been affirmed in AA
category by S&P
On relative basis, hit to Ireland
less than for other countries
given multinationals, relatively
smaller domestic share of
economy and tourism
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
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