Non-resident holdings of Irish government bonds rise €240m in June

Non-residents now hold €72 billion worth of Irish government bonds

Non-resident holdings of Irish government bonds increased by €240 million in June. The total non-resident holdings are now estimated to be €72 billion.

The total value of outstanding government bonds in June of this year was €128 billion, an increase of €242 million on the previous month.

Within the next five years, €54.4 billion of government bonds will mature, of which €40 billion will mature in the next three years. Non-residents hold some 63.8 per cent of bonds maturing within the next three years.

The most significant Irish resident holders of government bonds were credit institutions and the Central Bank, both of which held €52.5 billion, or 94.4 per cent of the resident total.

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Irish households and non-financial firms hold €273 million, while the government holds €411 million worth of bonds.

While the largest volume of bonds is due to mature in the next three years, the second largest volume of €38 billion worth of government bonds will mature after 2027.

Peter Hamilton

Peter Hamilton

Peter Hamilton is a contributor to The Irish Times specialising in business