Financial Times: Irish Debt Sale Successful But Pricey

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Results of Ireland’s highly watched bond auction are out, and the news is double-edged.
Yes, Ireland did get €1bn of 2018 and €500m of 2014 bonds sold, but the country had to pay handsomely to get the debt away. The yield on the 2018 issue came in at an average 6.023 per cent, while the average on the 2014 issue was 4.767 per cent.