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Ireland raises 4bn in syndicated bond sale

Written by Business World, on 10th Apr 2018. Posted in Ireland

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Ireland raised 4 billion euros in a syndicated 15-year bond issue on Tuesday, the national debt agency said.

The issue attracted 12.5 billion euros of investor orders at a price of 4 basis points over mid-swaps, the National Treasury Management Agency said.

The pricing represents a yield of less than 1.4 percent according to a market source.

The syndicated issue is the second this year, after the debt agency raised 4 billion euros in 10-year debt in January. On that occasion, the bonds yielded 0.944 percent.

Ireland also raised 2.25 billion euros through two bond auctions.

The syndicated issue brings the total raised so far this year to 10.25 billion euros out of a planned 14 billion to 18 billion euros issuance of long-term debt this year. (Reuters)

Source: www.businessworld.ie

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