Government raises €1bn
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THE Government has raised €1bn in a 10-year bond auction.
The yield was 1.63pc while the bid/cover was 2.5 times - far lower than the 2.3pc it paid at a similar auction in June.
The money was raised by the National Treasury Management Agency, headed up by John Corrigan, which manages the country's debt.
It is the last fund-raising before Tuesday's budget is announced by Finance Minister Michael Noonan.
With the completion of the auction the NTMA has raised €8bn in the bond markets.