***The National Treasury Management.........>

IRELAND: ***The National Treasury Management Agency (NTMA) plans to issue E10

billion to E14 billion of bonds over the course of 2020. This represents a

reduction from the 2019 funding range of E14 billion to E18 billion.

- The reduced funding requirement for 2020 is a consequence of the NTMA's

strategy of pre-funding in advance of major bond redemptions. The NTMA will

redeem almost E20 billion of debt during 2020, which includes single redemptions

of maturing bonds of E10.6 billion in April 2020 and E6.5 billion in October

2020.

- The NTMA will issue a statement at the beginning of each calendar quarter

outlining the bond auction plans for that quarter. It also intends to hold at

least one syndicated bond deal during the year.

-The NTMA will continue to issue Treasury Bills during 2020 and further details

will be contained in the quarterly announcements.