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Dublin: 17 °C Thursday 18 September, 2014

Another €500m of T-Bills for sale this week

The NTMA will hold another auction this Thursday as it attempts to help Ireland return to normal lending markets.

File photo of the Irish Stock Exchange.
File photo of the Irish Stock Exchange.
Image: Sam Boal/Photocall Ireland

THE NATIONAL TREASURY Management Agency (NTMA) has announced it will hold another auction of €500 million of Treasury Bills this week.

The auction will take place this Thursday with a three-month maturity to 19 August offered on the bills.

In April, the NTMA sold the same amount of bills with total bids received for them amounting to 4.8 times the amount on offer. The bills sold last month had a yield of 0.19 per cent.

These auctions are part of a series of sales by Ireland as it attempts to return to normal lending markets.

The sale on Thursday will be conducted on the Bloomberg Auction System and bills will be listed on the Irish Stock Exchange.

Read: Ireland sells €500m of Treasury Bills at auction>
Read: Ireland buys back €500 million of its own bonds>

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