The Government sold €1 billion in another well-received bond auction today, the National Treasury Management Agency said today.
The auction is the Government's last scheduled for 2009.
The NTMA said it sold €200m of a 2014 bond at a bid-cover-ratio of 7.9, with an €800m sale of a 2019 bond also well bid at 2.5 times.
'This morning's auction once again met with solid demand, with the bid/cover ratio for the short-dated issue particularly impressive', said Alan McQuaid, analyst at Bloxham Stockbrokers.
'Greater risk appetite generally among market investors helped in having a successful sale, but there is no doubt that international investors are feeling increasingly comfortable about buying Irish paper especially with the Government committed to delivering a tough Budget next month, and the NAMA bill having passed through parliament,' the analyst added.
The NTMA has used a combination of auctions, syndicated sales and retail debt sales, to raise the funds to cover the gaping hole that has appeared in Government finances this year.
