US firm buys big in Irish debt auction

Franklin Templeton has increased its exposure to Ireland in recent months, and has invested heavily in bonds.

11th August, 2012

A major US investment company has taken a punt on Irish government debt, and now has billions of dollars invested in Irish government bonds, which are now among the top holdings of one of the company's flagship funds.

US investment company Franklin Templeton has increased its exposure to Ireland in recent months and is believed to have been by far the biggest single overseas buyer during the recent NTMA sale of Irish debt. Its more...

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