Investor Presentaiton
€ billions
30
20
10
Lower supply expected in coming years
Ireland has low redemptions compared to rest of Europe
Current borrowing requirements suggest NTMA issuance
won't match recent past in coming years (€bns)
70
60
50
40
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
0
Issuance (2019-2021)
Redemptions + EBR (2022-
24)
Ireland's refinancing risk is low - only a third of debt is set to
mature in the next five years
80%
70%
60%
50%
40%
30%
20%
10%
0%
ESM
Source: NTMA, Budget 2023 forecasts
Refinancing Risk 5Y
Refinancing rate defined as debt maturing within five years divided by total debt outstanding
Source: NTMA
Spain
Syprus
Slovenia
Ireland
Estonia
EU (issuer)
Greece
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