independent

Sunday 20 April 2014

Government closes latest €500m debt deal

John Corrigan, CEO of the National Treasury Managment Agency

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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