Wall Street Toast Irish Bond

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The Emerald Isle’s national debt officials have pulled off an impressive performance Tuesday, selling €1.5 billion of bonds in a sale that was closely watched for signs of trouble given resurfacing worries about financial problems in the euro zone.
In a sign of the confidence investors still have in Ireland, the country sold €500 million of bonds maturing in 2014, paying an average interest rate of 3.627%. The size of investor demand was more than five times the amount of new bonds on offer.

Irish Bond Sale Cheers Market (Wall Street Journal Blog)

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