Ireland to raise 1 billion euros in dual bond auction

By Kitco News / June 06, 2017 / www.kitco.com / Article Link

DUBLIN, June 6 (Reuters) - Ireland will seek to raise 1 billion euros in a dual bond auction on Thursday that, if successful, will have covered its minimum funding needs for the year in less than six months.

Ireland will raise the debt through the sale of nine- and 28-year bonds, the country's debt agency said on Tuesday, further replenishing the scarce pool of Irish debt eligible for the European Central Bank's bond-buying programme.

Dublin has already secured 7.75 billion euros of its planned 9 to 13 billion euros issuance of long-term debt through auctions and a syndicated sale and raised another 610 million euros via its first ever inflation-linked issue in April. (Reporting by Padraic Halpin; Editing by Hugh Lawson)

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