Government raises €500m in bond auction
THE National Treasury Management Agency, which manages the country's debt, has raised €500m in a bond auction.
The yield was 2.315pc with the bid to cover of 2.74 times.
According to the NTMA, with the completion of today’s auction, it has raised €7bn in the bond markets so far this year which is more than 87pc of its funding target of €8bn for the full year.
"Today’s auction completes the bond auction schedule for the third quarter of 2014," it added.