Irish bond sale attracts massive demand


Ireland's first bond sale since exiting its EU bailout appears set to be a blockbuster, with the government reportedly receiving indications of interest worth €9B for the planned sale of €3B in 10-year debt.

The demand has caused the yield on existing 10-year paper to drop 8 bps to an eight-year low of 3.27% compared with a peak of 15% in 2011.

Based on early orders, the new notes will carry interest of 3.55%.

ETFs: BWX, BNDX, EIRL, IGOV, BWZ, ISHG

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Comments (1)
  • BTM
    , contributor
    Comments (486) | Send Message
     
    Seems like Ireland is getting their finacial house in order.
    7 Jan 2014, 10:25 AM Reply Like
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