Ireland raises €700m in benchmark debt to fund Covid-19 crisis at lowest cost in history of State

Conor O’Kelly, CEO of the National Treasury Management Agency (NTMA), speaking at the Ireland Strategic Investment Fund (ISIF) 7th annual market engagement event, taking place today at Convention Centre Dublin. Picture: Conor McCabe Photography.

The NTMA has raised €700m for 10-years at a negative rate of -0.025%, marking the lowest cost in history for the State to tap a benchmark 10-year bond in international government debt markets.