NTMA swaps a third of 2014 bonds for 2015
UPDATE: The National Treasury Management Agency has swapped some €3.5 billion of a total of €12 billion in 2014 debt for a new 4.5 per cent 2015 bond.
The National Treasury Management Agency has swapped some €3.529 billion of a total of €12 billion in 2014 debt for new 4.5 per cent 2015 bonds issued earlier today.
The switch will ease Ireland's funding costs at a tricky point in the future and prepare the way for a gradual return to bond markets.
Earlier the NTMA priced the new bonds at 5.15 per cent.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine