Clearest sign yet of confidence as investors dash to lend State money

(16 Nov 2012)


In todays Irish Independent it is reported that NTMA have  secured a debt deal at lowest interest rate since 2010 after loan offers of €11bn are put on table in just one week

INVESTORS in the bond markets have offered to lend €11bn to borrowers in Ireland over the past week, in the clearest sign yet that confidence in the Irish State is close to being fully restored.

The National Treasury Management Agency (NTMA) raised €500m in short-term debt for the State yesterday.

The 0.55pc interest rate is the lowest investors have charged Ireland since March 2010, before the first Greek debt crisis and subsequent bailout spooked investor sentiment across much of the euro area.

The NTMA said that investors put €2.06bn on the table yesterday, four times the amount that the State wanted to borrow.

Irish Independent


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