NTMA has raised over 80% of its funding target after today's successful auction

Thursday 08 May 2014 21.52
NTMA said latest auction was over-subscribed with offers equating to almost three times the amount of debt on sale
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.