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THE NATIONAL TREASURY Management Agency announced today that they will buy back a bond due to mature next month which will lower the country’s debt.
The 4 per cent treasury bond was issued in January 2009 and has a current nominal outstanding of €6.8 billion.
The NTMA will lower Ireland’s debt with the bond buyback. The yield on the bond is 0.1 per cent.
The buyback will be conducted through recognised Primary Dealers in Irish Government Bonds.
The NTMA said this buyback offer is open to all holders of this bond.
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