Ireland Set for Major Bond Auction in March

Ireland's National Treasury Management Agency plans a bond auction on March 12, offering up to 1.25 billion euros of its 3.1% Treasury Bond 2036. A non-competitive tranche, accounting for 15% of the sold amount, will follow the main auction, closing on March 16.

Ireland's National Treasury Management Agency (NTMA) has announced an upcoming bond auction scheduled for March 12, where it aims to sell up to 1.25 billion euros ($1.44 billion) of its 3.1% Treasury Bond set to mature in 2036.

The NTMA revealed that following the primary auction, a non-competitive tranche equating to 15% of the total amount sold would be available, set to close on March 16 at 1000 GMT.

At the current exchange rate, $1 equals 0.8653 euros, positioning this auction as a significant event in Ireland's financial calendar.

(With inputs from agencies.)