Ireland on Tuesday hired Barclays, Davy, HSBC, J.P. Morgan, Nomura and Royal Bank of Scotland as joint lead managers for a forthcoming seven-year benchmark bond issuance, the National Treasury Management Agency said.

The syndicated transaction is expected to be launched and priced in the near future, subject to market conditions, it said, adding that the planned maturity of the upcoming bond is March 15, 2022.

The 2022 maturity would add a new point onto the Irish yield curve which has a gap between October 2020 and March 2023.

The NTMA released its funding plan for 2015 on Dec. 22, in which it said it was intending to hold at least one syndicated bond deal during the year. The NTMA has penciled in government bond issuance between 12 billion euros to 15 billion euros ($14.3 billion to $17.9 billion) for 2015.

Earlier in the day Belgium also announced its plans for the syndicated launch of a new 10-year bond with maturity in June 2025, with the transaction also planned in the near future.

Write to Emese Bartha at emese.bartha@wsj.com; @EmeseBartha)

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