Foreign investors show faith in €4.19bn bond auction

The National Treasury Management Agency raised €4.19bn in fresh capital for the Government yesterday through the issue of two bonds — one maturing in 2017 and the other in 2020.

Market sources say the bond take-up was 65% international and 35% domestic and €3.9bn of the overall amount went into the 2017 bonds.

A further €1.04bn set to mature in Jan 2014 was swapped for the 2017 and 2020 bonds.