News

Government plans €1bn bond deal, the first since bailout

The Government is planning to borrow €1bn on the bond market on Thursday.

The deal will be the first time the country has borrowed at an auction since the end of the EU/IMF bailout in December.

In September the National Treasury Management Agency (NTMA), which manages the national debt, decided to hold off on new bond auctions order to keep a lid in the country’s interest bill. A so called “syndicated” bond deal was done in January.

This week’s deal will be a 10 year bond, meaning investor will be paid interest of 3.4pc between now and 2024, when they get their original capital investment back.

It is expected to be the first of a regular flow of deals in 2014.

< Back to News

Contact Us

Lane O’ Connor Accountants & Tax Consultants
Unit 6 Crann Ard, Fethard Road,
Clonmel, Co Tipperary.
Tel: + 353 52 6184975
Fax: + 353 52 6129500
Email: info@laneoconnor.com

Latest Tweets

Request Call Back

(Anti-Spam)

acc-logos

© 2015 Lane O Connor Accountants - All rights reserved - Website by PracticeNet.ie