Ireland to auction 1 billion euros of 10-year debt

07 Apr, 2014

DUBLIN: Ireland will auction 1 billion euros of 10-year debt on Thursday as it seeks to further pre-fund the state into 2015, the country's debt agency said on Monday.

Ireland, which raised debt periodically during its three-year EU/IMF bailout, made a successful return to regular bond auctions last month, raising 1 billion euros from 10-year debt at record-low yields.

Dublin is already funded into next year and has raised almost 60 percent of the 8 billion euros needed to complete pre-funding for 2015.

The National Treasury Management Agency (NTMA) plans to hold another bond auction next month.

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