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Bond auction will save us €94m a year

Ireland's set to save nearly €100 million off its bailout costs every year after a successful bond...
TodayFM
TodayFM

5:00 PM - 4 Nov 2014



Bond auction will save us €94m...

News

Bond auction will save us €94m a year

TodayFM
TodayFM

5:00 PM - 4 Nov 2014



Ireland's set to save nearly €100 million off its bailout costs every year after a successful bond auction today.

The NTMA has raised three-and-three-quarter billion euro by selling 15-year bonds today.

The bonds carry an annual interest rate of 2.487 per cent.

The money will go towards repaying the IMF bailout loans, which carry over twice as much interest.

The transaction means Ireland around €94 million a year off its bailout interest bill.



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