Ireland Sells First 100-Year Bond, Staying on Comeback Trail
- Nation's debt office issues sovereign debt at yield of 2.35%
- Ireland follows Mexico in finding investors for `century' bond
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Ireland sold its first so-called century bond, less than three years after it regained economic sovereignty by exiting an international bailout program.
The nation’s debt office sold 100 million euros ($113 million) of the securities at a yield of 2.35 percent. By contrast, investors are demanding a yield of 2.66 percent to lend to the U.S. government for 30 years.