Thursday 17 January 2019

EFSF sells off bonds

THE EUROPEAN Financial Stability Facility has sold €5bn of 10-year bonds at a yield of 3.49pc.

The interest rate is up from the 3pc the rescue fund paid to borrow in January.

The cash raised from the bond deal will go to Portugal, but every change to the price of the rescue funds' cost of borrowing is closely watched in Ireland.

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