NTMA has raised 87% of its funding for this year

Thursday 10 July 2014 10.53
Today's auction completes the bond auction schedule for the third quarter of this year
Today's auction completes the bond auction schedule for the third quarter of this year

The National Treasury Management Agency has sold €500m of the benchmark 10-year Irish Government bond at a yield, or interest rate, of 2.315%. 

The NTMA said that total bids received amounted to €1.370 billion - 2.7 times the amount on offer. 

After today's auction, the NTMA has raised €7 billion in the bond markets so far this year which is more than 87% of its funding target of €8 billion for the full year.

The agency said that today's auction completes the bond auction schedule for the third quarter of this year.