The National Treasury Management Agency (NTMA) is to repay the last of its expensive recession-era bonds tomorrow, in a move that will save the exchequer hundreds of millions of euro in interest payments annually.
About €6.5 billion will be repaid to investors in the bond along with the last interest payment of €300 million, sources said.
The repayment from the state’s cash reserves will mean there is little debt due in the next couple of...
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