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Tue 05 May 2009NTMA raises €1bn in bond sales
The Government has sold €1 billion in five- and 10-year bonds as part of its efforts to raise a record €25 billion State borrowing required this year.
The National Treasury Management Agency (NTMA), the body which manages the Government’s debt, auctioned €300 million of 4 per cent notes maturing in 2014 to yield an average of 3.90 per cent, and €700 million of 4.4 per cent securities due 2019 to yield 5.19 per cent.
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