NTMA notes Ireland’s progress in returning to markets

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The National Treasury Management Agency says Ireland is making considerable progress in its phased return to the markets.

The NTMA raised 2.5 billion euro in a sale of 5 year bonds yesterday at an interest rate of 3.3 per cent.

The agency plans to step up its investor re-engagement this year to ensure Ireland is positioned to exit the bailout deal.

However the NTMA Chief Executive John Corrigan says a failure to secure a banking debt deal – would not help that process.