Government raises €750m in 10-year bond auction

THE Government has raised €750m in a 10-year bond auction.

According to the National Treasury Management Agency (NTMA),

the auction was completed at a yield of 0.817pc.

Total bids received amounted to €1.774bn which was 2.4 times the amount on offer.

Including today’s transaction, the NTMA has raised €4.75bn from its stated target range of €6bn – 10bn in the bond markets this year.

The deal was done against the backdrop of ongoing discussions on the formation of a new government.

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