Goodbody has been named as a primary dealer for Irish Government bonds by the National Treasury Management Agency (NTMA) starting from Monday, June 19. Primary dealers play a role in the issuance of Irish Government bonds and bills. They also act as market makers for Irish Government bonds on major electronic trading platforms. The NTMA has stated that the inclusion of Goodbody brings the total number of primary dealers to 15.
In a statement, the NTMA mentioned that Goodbody, based in Dublin, is already actively involved in the Irish Government bond market. The NTMA expects that Goodbody’s participation as a Primary Dealer will contribute to the market’s liquidity and depth, while also enhancing the appeal of Irish Government bonds for investors.
Sinead Mahon, the Head of Investment Banking at Goodbody, expressed excitement about the appointment, stating that it will strengthen the firm’s position as an Irish investment company and support their ambitious growth plans. Mahon also highlighted that becoming a primary dealer broadens their capabilities and overall debt capital markets offering for both domestic and international clients. She further emphasized the expertise of their fixed income team.
The decision to appoint Goodbody as a primary dealer is expected to add depth and liquidity to the Irish Government bond market. It is seen as a positive development that will enhance the profile of Irish Government bonds for investors.
With Goodbody’s inclusion, the number of primary dealers for Irish Government bonds has reached a total of 15. This demonstrates the continued interest and participation of financial institutions in the Irish Government bond market.
Being recognized as a primary dealer is considered an accomplishment for Goodbody, as it expands their capabilities and enhances their overall offering in the debt capital markets. This recognition is a testament to the expertise and experience of their fixed income team.
The NTMA’s selection of Goodbody as a primary dealer is expected to benefit the market by providing additional liquidity and increasing the range of market participants.
The appointment of Goodbody reinforces their position as a leading player in the Irish Government bond market. It further establishes their reputation as a trusted and reliable partner for both domestic and international investors.
The NTMA’s decision to appoint Goodbody is based on their active participation and contributions to the Irish Government bond market. It reflects the agency’s confidence in Goodbody’s ability to fulfill the role of a primary dealer effectively.
Goodbody’s appointment as a primary dealer aligns with their growth plans and strategic vision. It positions them to better serve their clients and further solidifies their presence in the Irish investment landscape.
