The National Treasury Management Agency has sold €1.25 billion in bonds at a scheduled auction.
Two bonds were offered during the sale of long-term debt. The 10-year Treasury bond, which will mature in October 2032, raised €400 million. It was sold at a yield of 1.5 per cent, with a bid to cover ratio of 2.84.
The remaining €800 million was raised through the sale of the 2 per cent Treasury bond, due to mature in February 2045. That was sold at a yield of 1.789 per cent, and had a bid to cover ratio of 1.41.
Thursday’s auction brings to €5.75 billion the total in benchmark bonds sold so far in 2022.
Inflation hits 7% in April as Ireland’s cost of living soars
Rate of rent inflation for sitting tenants roughly half that of new tenants
Just 851 homes available to rent nationally as price inflation hits five-year high
Cliff Taylor: Which mortgage borrowers will be hit first by interest rate hikes hit?
The NTMA is aiming to raise between €10 billion and €14 billion in the international bond markets this year, a significant reduction on the amount raised last year as the Government’s Covid-related spending eases.
