Bond investors bet on Ireland but challenges remain

Today's bond sale helps the government generate positive newsflow about Ireland but it does not mean that everything is sorted, writes Cliff Taylor.

8th January, 2013
Today's bond issue takes Ireland a step closer to getting back into the markets, writes Cliff Taylor.

The government is clearly trying to get some positive momentum in the newsflow at home and internationally about the economy and there is no doubt that today's bond sale will help.

The results showed that the National Treasury Management Agency sold €2.5 billion of the 2017 bond at an interest rate of 3.32 per cent.

To put this in context, to attract investors last summer to buy the same bond, the NTMA had to offer a rate...

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