NTMA hoping to raise €1.5bn in bond auction

NTMA hoping to raise €1.5bn in bond auction

The National Treasury Management Agency is hoping investors will lend the Government up to €1.5bn in a bond auction today.

The agency has said it does not expect the auction to suffer a negative impact from the decision by ratings agency Moody's to downgrade Ireland's credit rating from Aa1 to Aa2.

The rating drop is likely to make the cost of credit on international markets slightly higher.


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