Ireland confirms €5 bln bond sale, 82% to overseas

UPDATE: The NTMA has confirmed that today's bond sale yielded €5 billion after what Finance Minister Michael Noonan said was an "extraordinary response".

13th March, 2013
NTMA headquarters in Dublin.

Ireland has sold €5 billion of ten-year bonds at a lower-than-expected yield of 4.15 per cent, according to the official confirmation from the National Treasury Management Agency (NTMA).

The agency said 82 per cent of the bonds were taken up by overseas investors; these were mainly from the U.K. (25%), Germany (12%), the Nordic region (12%), France (11%) and the U.S. (7%).

A total of €13 billion in bids was received.

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