Economic and Investment Outlook slide image

Economic and Investment Outlook

NTMA has issued €6bn so far this year 2023 funding at lower end of range of €7-11bn, with one more auction scheduled Cash Fiscal surplus alongside NTMA's strategy of prefunding means Ireland has a strong cash position. This affords the NTMA a large degree of flexibility around issuance. >10 years Weighted average maturity of debt one of longest in Europe. NTMA issuance since 2022 of €13bn at WAM of 16.9 years and average interest rate of 2.04%. AA Ireland rated in the AA category with all major rating agencies. S&P upgraded to AA and Moody's upgraded to Aa3 in 2023. Fitch has placed Ireland on a positive outlook. Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency 7
View entire presentation