Covid-19: NTMA raises €6bn to bolster state’s response
Coveney says exchequer will incur ‘significant deficits’ for a period of time to fund recovery from pandemic
The National Treasury Management Agency has raised €6 billion in its largest bond sale for a decade in order to fund some of the state’s response to Covid-19.
The NTMA raised the funds through the syndicated sale of a new seven-year bond today with a yield of about 0.24 per cent. It had been reported before the auction that it had expected to raise €3-4 billion.
“This demand highlights the progress Ireland has...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Donnelly fears AstraZeneca may not deliver promised vaccines on time
Minister for Health admits concern after HSE misses last week’s target of 100,000 doses due to pharma company’s delay
Analysis: Lockdown fatigue grows but majority do not want to ease restrictions
Some 85 per cent of the public say current response to Covid-19 is either appropriate or does not go far enough
HSE reviews visitor ban and serial testing in nursing homes
With most staff and residents vaccinated, the health service is expected to make new proposals to Nphet for this sector
Colin Murphy: In law, we are closer to house arrest than a 5km limit
Covid-19 restrictions say you should not leave home at all ‘without reasonable excuse’ – a rule that‘s broader than it need be, is widely misunderstood and of dubious effectiveness
