NTMA said latest auction was over-subscribed with offers equating to almost three times the amount of debt on sale
The National Treasury Management Agency has successfully sold €750m worth of 10 year Irish Government debt.
The rate payable on the bond is 2.73% – a record low yield for Irish ten year bonds.
The NTMA said this morning’s auction was over-subscribed with offers equating to almost three times the amount of debt on sale.
Today’s auction means that the NTMA has now raised €6.5 billion in the bond markets so far this year. This is more than 80% of its funding target of €8 billion for the full year.
The agency said today’s sale completes the auction schedule for the second quarter of 2014.