Irish Raise Money at Record-Low Cost as Kenny Loses Again
- Irish acting prime minister loses third vote to be PM
- Ireland sell 750 million euros of debt at yield of 0.817%
Enda Kenny in Dublin.
Photographer: Clodagh Kilcoyne/Getty ImagesThis article is for subscribers only.
Ireland raised money for 10 years at a record-low cost, as investors brushed off the country’s political standoff.
The nation’s debt office sold 750 million euros ($845 million) of 2026 bonds at a yield of 0.817 percent on Thursday in Dublin, as the European Central Bank’s quantitative-easing program drove down financing costs. At the last auction of these securities, on Feb. 11, the debt office sold 1 billion euros of the bond at a yield of 1 percent.