Ireland sells 1.25bn euros of 10, 19-year bonds

DUBLIN: Ireland auctioned 800 million euros of 10-year debt at a higher yield on Thursday than when it first issued the bond last month but managed to sell 450 million euros of a 19-year bond at a lower cost than when it was last auctioned in September.

Ireland sold the two bonds at yields of 1.13 percent and 1.59 percent, with the latter longer-date issued receiving more demand, twice the number of bids than the value of the paper on offer, the country's debt agency said.

Ireland has now raised 5.25 billion euros of its planned 14 to 18 billion euros issuance of long-term debt this year.