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Ireland raises 1 bln euros from new bond sale

Xinhua, September 11, 2015 Adjust font size:

Ireland on Thursday raised one billion euros (1.12 billion U.S. dollars) through the auction of 15-year government bonds.

The funds were raised at a yield of 1.8157 percent, according to the National Treasury Management Agency (NTMA).

Total bids received amounted to 2.745 billion euros (3.09 billion U.S. dollars) which was 2.75 times the amount on offer, the NTMA said. In Ireland, the NTMA is responsible for borrowing on behalf of the government and managing the national debt.

With the completion of Thursday's auction, the NTMA has raised 12 billion euros on the bond markets this year, it said.

In NTMA's 2015 funding plan, it hopes to raise 12 to 15 billion euros through bond issuance.

It also said a further announcement on its auction schedule for the last quarter of 2015 would be made in October. (1 euro = 1.13 U.S. dollars) Endit