Ireland will hold its first bond auction on Thursday since it was forced into a bailout in 2010. In the latest sign that it is on the road to recovery, Dublin wants to raise €1 billion at a rate of 3.4 per cent from the auction of ten-year bonds, three months after it officially exited its bailout programme.
John Corrigan, chief executive of the National Treasury Management Agency, said: “The resumption of scheduled bond auctions . . . marks the full normalisation of Ireland’s presence in the markets.”