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Interest rate on Irish debt becoming sustainable

The National Treasury Management Agency says the interest rate for long term Irish debt is moving...
Newstalk
Newstalk

12.01 19 Jul 2012


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Interest rate on Irish debt be...

Interest rate on Irish debt becoming sustainable

Newstalk
Newstalk

12.01 19 Jul 2012


Share this article


style="text-align: left;">The National Treasury Management Agency says the interest rate for long term Irish debt is moving towards sustainable levels.

The NTMA says the yields being sought for 10 year bonds are down sharply at over 6 % – compared to more than 15 % this time last year.

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The agency plans to hold 3 or 4 more short term maturing debt auctions this year – similar to the sale earlier this month of 3 month Treasury Bills – which raised 500 million euro.

However the NTMA says a full return to the international markets remains dependent on several factors – including an honouring of the bailout deal and a resolution of the eurozone debt crisis.


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