NTMA bond auction seen as a success

NTMA bond auction seen as a success

The latest auction of Irish Government bonds is being viewed as a success.

The National Treasury Management Agency (NTMA) issued €1bn worth of eight-year bonds, and €500m worth of four-year bonds on the markets this morning.

The issue was over-subscribed by about three times, which is explained as being due to a higher yield, or interest rate, than previously.

Eight-year bonds had a yield of 6.02%, while four-year bonds had an interest rate of 4.7%.

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