Friday 28 April 2017

Government closes latest €500m debt deal

John Corrigan, CEO of the National Treasury Managment Agency
John Corrigan, CEO of the National Treasury Managment Agency
Donal O'Donovan

Donal O'Donovan

The Government is paying interest of just 0.195pc to borrow after raising €500m on the markets today.

The National Treasury Management Agency (NTMA) headed by John Corrigan manages the national debt. The agency said investors offered €2.4bn in the latest auction of the short term “bills” a type of loan.

The agency opted to stick with its target to borrow just €500m of the cash on offer. The money is due to be repaid in three month.

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