EU raises EUR 4.75bn for Ireland, Portugal
24 May 2011, 19:45 CET
(BRUSSELS) - The European Commission said it raised three billion euros for Ireland and 1.75 billion euros for Portugal on Tuesday in a bond issue for the bailed-out nations that attracted strong demand.
The 10-year bond was oversubscribed threefold, attracting investors from across Europe as well as Asia, with deals closing within an hour and half of the start of the sale, the commission said.
The funds, totalling 4.75 billion euros ($6.7 billion), will be disbursed to the two eurozone nations on May 31.