Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Economy and Funding Requirements: Discussion with NTMA
2:25 pm
Mr. John Corrigan:
It is not possible to be prescriptive at this stage. As I stated, the markets are fairly fickle. The main area we will target is to have a new ten year issue because we do not have an issue in ten years. The ten year space is the key benchmark in the sovereign bond markets. We have a 2020 issue, which started as a ten year issue but is obviously no longer a ten year issue, and a 2025 issue. Ideally, we would like to bring a new ten year issue to the market.
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