The National Treasury Management Agency (NTMA) has today completed an auction of €1 billion of the benchmark 15-year Irish Government bonds.
The sale of 2030 bonds was conducted between 8am and 10am on the Bloomberg Auction System, and confined to recognised primary dealers. The bonds were sold at a yield of 1.81 per cent.
Total bids received amounted to €2.7 billion which was 2.75 times the amount on offer.
The NTMA has raised €12 billion from its stated target range of €12-15 billion in the bond markets this year.
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The agency sold €750 million worth of 15-year bonds in June at a yield of 2.2 per cent, higher than the previous auction amid increased market volatility.
