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Irish debt agency aims to raise €1B from dual bond auction

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Irish debt agency aims to raise €1B from dual bond auction

Ireland's National Treasury Management Agency will seek to raise €1 billion in a dual bond auction to be held March 8.

The debt agency will sell a four-year bond with a coupon of 0% and a 10-year bond with a coupon of 0.9% in the auction. Settlement is expected March 12.

A noncompetitive auction for 15% of the amount sold in the competitive auction will immediately follow and will close at 10 a.m. in Ireland on March 12, the NTMA said.