Ireland raises 1 billion euros, bond appetite grows

[odlum]

Ireland raises 1 billion euros, bond appetite grows
07.21.09, 08:58 AM EDT



By Andras Gergely

DUBLIN, July 21 (Reuters) - Ireland raised 1 billion euros in a successful debt auction on Tuesday, drawing bids of 3-4 times the bonds on offer and sending the premium demanded by investors for holding its debt to the lowest since mid-June.


The sale, the first in a series of five bond auctions planned for the second half of 2009, was the euro zone's main event of the week on the long term debt supply scene and took Ireland closer to its 25 billion euro 2009 funding target.

It offered some hope of a fall in funding costs for an Irish budget battered by one of Europe's worst recessions, which in turn have generated cuts in the country's credit ratings in recent months......


UPDATE 1-Ireland raises 1 billion euros, bond appetite grows - Forbes.com

[merle haggard]

jesus christ...more money that isnt actually money or wealth that has actually been created by anyone. We seem to have been down this road before .

[toughbutfair]

I think the Bord Snip report probably gave the markets confidence we can fix this - hence the lower interest payments.

[liamfoley]

The Federal govt in US was offering bonds in lieu of wages to it employees some months back, don't think it took off.
If they spend the money wisely does it matter where they get it from?

[Jock_the_Waster]

If they spend the money wisely does it matter where they get it from?

are you taking the piss?

[liamfoley]

are you taking the piss?

Yes, but then again once I get a job outside this Godforsaken country ....

[toughbutfair]

Yes, but then again once I get a job outside this Godforsaken country ....

You should probably change your name on your c.v

Jock makes you sound scottish