Home »Business & Finance » Managed Funds » Ireland raises 610mn euros in first inflation-linked bond

euro-1024DUBLIN: Ireland raised 609.5 million euros through its first ever inflation-linked bond in a private placement that followed enquiries from Irish investors, its debt agency said on Thursday.

The bond is due to mature in 2040 and carries a coupon of 0.25 percent, the National Treasury Management Agency (NTMA) said. The interest payments and principal repayment will be linked to the Eurostat Harmonised Index of Consumer Prices for Ireland, excluding tobacco, it said.

The issuance "allows Ireland to source funding from a broader spectrum of investors," the NTMA's Director of Funding Frank O'Connor said in a statement.

Ireland has now raised over 8 billion euros of a planned 9 to 13 billion euros' issuance of long-term debt this year.


Copyright Reuters, 2017


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