Ireland's return to the bond markets has allowed it to borrow at the cheapest rate EVER.
The National Treasury Management Agency raised €€3.75 billion in 10-year loans in an auction this morning.
The finance minister Michael Noonan welcomed the news, and pointed out that investors were willing to lend almost €15 billion to Ireland - more than the €10 billion it would have received in an overdraft facility from the Troika.
Donal O'Mahony of Davy Stockbrokers says the interest rate - which worked out at just over 3.5 per cent - is very good news for Ireland:
