Ireland further speeds up bond sales tied to Anglo liquidation

October 23, 2015 2:21 PM

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DUBLIN Oct 23 Ireland's debt agency purchased 500 million euros of Irish government bonds from the country's central bank and cancelled them on Friday in a further speeding up of a timetable tied to a 2013 deal to ease the state's debt burden.

As part of a deal struck with the European Central Bank to stretch out the cost of liquidating the collapsed Anglo Irish Bank, Ireland pledged to slowly feed new bonds worth 25 billion euros into the market via the country's central bank.

Also read: ECB relaxes rule of bond lending to avoid repo squeeze

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