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First 30-year bond sold

The Government has borrowed €4bn in issuing its first ever 30-year bond.

The bond received €11bn worth of interest.

The yield - effectively the interest rate - was 2.088pc.

Cantor Fitzgerald Ireland's head of fixed income strategy Ryan McGrath said the €4bn figure was probably more than what was expected and was an excellent result for the National Treasury Management Agency (NTMA).