News Column

Ireland Impresses With Post-Bailout Bonds

January 7, 2014

United News of Bangladesh

Dublin, Jan 7 (AP/UNB) Ireland has made a triumphant return to global debt markets as it saw strong demand for its first sale of benchmark 10-year bonds since the country exited its international bailout last month.

Analysts say Tuesdays offering has attracted bids of nearly 15 billion euros ($20.5 billion), five times the conservative target set.

Investor enthusiasm for Irelands new debt securities influenced the wider market. Yields on the countrys existing 10-year bonds fell to 3.25 percent, an 8-year low.

Further details are expected later Tuesday but the demand augurs well for the rest of the year. Ireland had hoped to sell around 10 billion euros in 2014.

Last month, Ireland exited its 3-year emergency loan program supplied by European partners and the International Monetary Fund. Greece, Portugal and Cyprus remain bailout recipients.

Original headline: Ireland impresses with first post-bailout bonds


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Source: United News of Bangladesh