herald

Saturday 10 December 2016

State borrows €750m bonds

debts

The Government borrowed €750m of seven-year government bonds at an interest rate of 0.81pc a year.

Investors offered to lend Ireland €1.99bn, which was 2.7 times the amount being sought yesterday.

The National Treasury Management Agency (NTMA) has raised €10.25bn in the bond markets so far this year.

In February, it raised €500m through the auction of a 15-year bond.

Another €4bn had been raised the previous week.

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