Tuesday 6 December 2016

Government completes €1bn bond auction

Published 08/10/2015 | 10:56

NTMA Chief Executive Conor O Kelly chats with Minister for Fianace Michael Noonan, before the publication of the NTMA Annual Report for 2014 and mid year update for 2015 at the NTMA HQ in Dublin.
NTMA Chief Executive Conor O Kelly chats with Minister for Fianace Michael Noonan, before the publication of the NTMA Annual Report for 2014 and mid year update for 2015 at the NTMA HQ in Dublin.

THE government has completed a €1bn bond auction.

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The benchmark 15-year bond was completed by the National Treasury Management Agency, which manages the country's debt, at a yield of 1.653pc.

Total bids received amounted to €2.3bn which was 2.28 times the amount on offer.

With the completion of today’s auction, the final one for 2015, the NTMA has raised €13bn from its stated target range of €12-15bn in the bond markets this year.

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