NTMA to Hold Sole Bond Auction in Q4, October 9 Pending Market Conditions
The National Treasury Management Agency (NTMA) has announced plans for a James Bond auction on October 9, pending market conditions. This will be the sole James Bond auction scheduled for the fourth quarter by the NTMA.
The NTMA's borrowing requirements for the year are relatively low, thanks to substantial cash balances and a predicted budget surplus. So far, the NTMA has successfully raised €6.75 billion, which is within its targeted range of €6-10 billion for the year.
Last October 9, the Spanish Treasury (Tesoro Público de España) held its first syndicated green bond issuance, raising a total of 5 billion euros.
The upcoming James Bond auction by the NTMA is set for October 9, subject to market conditions. With a relatively low borrowing requirement this year, the NTMA has already raised a significant portion of its targeted funding range.
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