Business Irish

Tuesday 16 July 2019

NTMA borrows €1bn at an all-time-low

(stock picture)
(stock picture) Business Desk

Ireland has today borrowed €1bn at an all-time-low as bond investors prepare for a renewed transatlantic stimulus boost.

The National Treasury Management Agency (NTMA) issued €1bn of new debt in a mix of 10-year and 15-year bonds.

Borrowing over 10 years is at an all time low cost of 0.136pc.

Meanwhile, it’s a record low cost for 15 year bonds of under half of one percent interest per year.

The Irish bond deal will mean the NTMA will have secured €11.25bn of its target for the year of borrowing €14bn to €18bn.

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