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€5bn bond bid

The Government is seeking to raise between €3bn and €5bn from investors in a benchmark Irish bond which will mature in October 2020.

The debt-raising by the National Treasury Management Agency could raise up to a quarter of the State's €20bn borrowing needs for this year.

Separately, the Department of Finance has appointed a new secretary general.

Kevin Cardiff, head of the department's taxation and financial services division, will take up the new role. He replaces David Doyle, who is retiring.