The European Commission has sold €5 billion worth of bonds to help finance an aid package for Ireland, Bloomberg reports. The five-year bonds, which will pay 2.59% interest, were sold via the European Union’s European Financial Stabilization Mechanism (EFSM). The issue was managed by Barclays Capital, BNP Paribas, Deutsche Bank and HSBC Holdings. The EFSM is looking to raise as much as €17.6 billion this year and €4.9 billion next year for Ireland.
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