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Government seeks to raise €1bn in new debt through latest bond sale

The state will offer two separate bonds for auction this week as it seeks to raise €1bn in new debt from investors

Frank O’Connor, NTMA chief executive

The National Treasury Management Agency (NTMA) is aiming to raise €1 billion in new debt from the auction of two bonds this week.

The bonds, which will be auctioned on Thursday, include a ten-year treasury bond up to 2034 with a 2.6 per cent interest rate and a second bond which matures in 2041 with a 0.55 per cent interest rate.

In a statement, the NTMA said the bond sale will be held on the ...