Dáil Éireann Debate, Tuesday - 27 September 2016
161. Deputy Marc MacSharry asked the Minister for Finance the estimated yield per annum in the current market in the event of the National Treasury Management Agency raising 50-year money; and if he will make a statement on the matter. [26642/16]
View answer162. Deputy Marc MacSharry asked the Minister for Finance the estimated yield per annum in the current market in the event of the National Treasury Management Agency raising 100-year money; and if he will make a statement on the matter. [26643/16]
View answerI propose to take Questions Nos. 161 and 162 together.
I am advised by the National Treasury Management Agency (NTMA) that it does not speculate about the interest rates at which it could potentially issue debt.
The number of variables that impact interest rates including yields in other markets at the time; the demand for the relevant maturity at a point in time; and the size of the issue would make the calculation of meaningful estimates impractical.
As the Deputy may be aware, the NTMA issued €100 million of a 100-year note earlier this year at a yield of 2.35 per cent.
