Dublin

Dublin taps on capital markets

Dublin taps on capital markets

MADRID | By JP Marin Arrese | Last Tuesday, Ireland raised € 3.75 bn on a 10-year bond issue, for the first time since it exited the bailout scheme last month. Investors’ appetite run high as offers placed reached roughly four times that figure. The yield stood at 3.54% showing that confidence is swiftly pulling back to fair standards. It was a gorgeous day for the island’s economy as Dublin was able to cash half of government’s funding needs for the whole year, at such a reasonable cost.