BNP Paribas confirms that it has been admitted by the National Treasury Management Agency (NTMA’) and the Irish Stock Exchange as a primary dealer in Irish government bonds. This reinforces BNP Paribas’ position as one of the leading European government bond houses.
As a primary dealer, BNP Paribas will make markets in Irish government bonds in addition to participating in auctions arranged by the NTMA. The bank will also make markets on EuroMTS and on the Irish segment of that platform, MTS Ireland. BNP Paribas ranks amongst the top five underwriters in European sovereign bonds this year. Dealings will be undertaken throughBNP Paribas’ London Branch.
“We are delighted to have been admitted as a primary dealer in Irish government bonds,” says Alexandra Basirov, head of european sovereigns, supranationals and agencies, BNP Paribas. “This is an exciting addition to our European sovereign business where we hope to deepen our footprint as an all-round service provider to both investors and borrowers alike.”
“We expect that the Irish government bond market will benefit significantly from the extensive experience which BNP Paribas has of primary dealing in other European sovereign bond markets,” says Oliver Whelan, director, funding and debt management, NTMA. “We are confident that the bank’s recognition as a primary dealer will strengthen this market further and enhance the profile of Irish Government bonds for investors.”
The appointment of BNP Paribas as a Primary Dealer in Irish government bonds is particularly timely in the context of the bank celebrating a 35 year presence in Ireland in 2008. The bank now employs over 200 people across Corporate & Investment Banking and other territory businesses, including BNP Paribas Securities Services, AtisReal and Cardif Pinnacle.
BNP Paribas is incorporated in France as a Societe Anonyme, and is regulated in France by Commission Bancaire