EuroMTS annnounced today that Irish government bonds were now listed on the bond trading platform. This means the MTS network is now present in all Euro-zone countries.
Two benchmark bonds, the 4.25 per cent 2007 and 5 per cent 2013, will be listed on the EuroMTS Irish segment. More than twenty institutions have agreed to participate in the new segment, including eleven market makers.
MTS Ireland, a new MTS domestic market set up as a division of EuroMTS, will list the two bonds as well as the 4.6 per cent 2016. Prices in these bonds will be made by the existing six primary dealers (AIB Capital Markets, ABN Amro, Crdit Agricole Indosuez, Davy Stockbrokers, Deutsche Bank and NCB Stockbrokers) together with Commerzbank AG.
The listing of the bonds on the MTS system is expected to increase liquidity in the Irish fixed income market and will further enhance the attractiveness of Irish Government Bonds through greater price transparency, turnover and liquidity, say EuroMTS officials. “We look forward to this partnership with MTS and are confident that it will benefit greatly the marketability of our bonds,” added Dr. Michael Somers, Chief Executive of the National Treasury Management Agency in Irealnd.
European MTS claims around 400 connections in 15 countries with an average daily turnover in excess of Euro 70 billion (without double-counting).