NTMA secures €500m loan

Ireland has moved a step closer to exiting the bailout with another successful auction of government debt.

The NTMA said it was able to borrow €500m this morning to be repaid in three months' time, at an annualised interest rate of 0.18%.

That is the lowest interest rate yet for an auction of government debt.

Ireland is expected to formally exit its EU-IMF bailout later this year when it tries to borrow cash for a ten-year period.

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