Friday 28 November 2014

Government raises €500m in bond auction

Published 10/07/2014 | 10:17

The Treasury Building on Grand Canal Street  Lower where NAMA is based
The Treasury Building on Grand Canal Street Lower where NAMA is based

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.

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