Government completes €1bn bond auction
THE government has completed a €1bn bond auction.
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.