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.