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NTMA raises €1.25 billion in dual auction

he NTMA has issued €5.25 billion worth of bonds so far this year after today's auction
he NTMA has issued €5.25 billion worth of bonds so far this year after today's auction

The National Treasury Management Agency has raised €1.25 billion in a dual bond auction today.

The NTMA sold €800m of ten-year bonds at a yield of 1.113% and €450m of 19-year bonds at a yield of 1.59% at today's auction.

The yield on the ten year bond was higher than the last auction, but the 19 year bond was sold at a lower cost than the last similar auction in September.

With the completion of today's auction, the NTMA has issued €5.25 billion worth of bonds so far this year.

The agency had said it plans to issue between €14-18 billion of long-term debt in 2018.

Greece returns to debt market with seven-year bond

Greece today made another tentative return to markets with a seven-year-bond, its first sale of the sort since the start of the economic crisis, officials said.

A finance ministry source confirmed the issue, while another source with knowledge of the sale said Greece seeks to raise around €3 billion. 

The last seven-year bond, sold at an interest rate of 6%, was issued in April 2010 - days before the country publicly requested the first of its three EU-IMF bailouts.