Government to raise €500m in bond auction

THE Government is planning to raise €500m at a bond auction this week.

The National Treasury Management Agency, which manages the country’s debt, said the 2.4pc, 2030 bond, will be auctioned on Thursday morning.

The move comes at a time when Ireland’s borrowing costs have plummeted.

The agency plans to raise between €12bn and €15bn in bond auctions this year.

Irish borrowing costs are expected to fall further as the European Central Bank (ECB) embarks on its massive quantitative easing programme.

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