Ireland cleans up in fives as ECB minutes stay the course

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By Lewis McLellan
05 Oct 2017

Ireland provided the lone benchmark of the week, returning to the syndicated market for the second time this year and printing €4bn of five year paper.

The deal is Ireland’s first five year benchmark since 2012, when it was still deep in its bailout programme and was demonstrating it could access the market. That bond yielded 5.9%. It redeems in two weeks.

Since then, Ireland’s credit rating has moved from Ba1/BBB+/BBB+ to A2/A+/A. ...

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