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Ireland raises 846 million U.S.dollars from ten-year bond sale

Xinhua, April 14, 2016 Adjust font size:

Ireland on Thursday raised 750 million euros (846 million U.S. dollars) through the auction of a ten-year benchmark treasury bond.

The National Treasury Management Agency (NTMA) said the funds were raised at a yield of 0.817 percent.

Total bids received amounted to 1.774 billion euros which was 2.4 times the amount on offer, it said.

With the completion of Thursday's auction, the NTMA has raised 4.75 billion euros from its stated target range of 6-10 billion euros in the bond markets this year.

In Ireland, the NTMA is responsible for borrowing on behalf of the government and managing the national debt. In its 2015 funding plan, it hopes to raise 12 to 15 billion euros through bond issuance.

On March 30, the NTMA issued a 100-year note for the first time, raising 100 million euros at a yield of 2.35 percent. The 100-year note, maturing in 2116, was sold by private placement via two of the NTMA's primary dealers, Goldman Sachs International Bank and Nomura International PLC. (1 euro = 1.13 U.S. dollars) Enditem