Business ETC uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more »
Dublin: 10 °C Thursday 17 April, 2014

Ireland to auction €500 million in T-Bills

The next sale is slated for Thursday, 21 March.

Image: Ferdinand Ostrop/AP/Press Association Images

THE AGENCY TASKED with managing Ireland’s debt is to sell off €500 million in three-month bonds on Thursday.

The National Treasury Management Agency (NTMA) said it will auction the Treasury Bills on 21 March. It is part of a series of sales by Ireland as it attempts to return to normal lending markets.

Last week, Ireland sold its first long-term government bond since the 2010 IMF/EU bailout, raising €5 billion. The yield charged was 4.15 per cent.

Similar auctions of so-called T-Bills in February and January were oversubscribed and interest rates charged on the debt fell to as low as 0.2 per cent.

This week’s auction will open at 9.30am on Thursday morning and close at 10.30am.

Ireland sells first 10-year government bonds since before bailout

  • Share on Facebook
  • Email this article
  •  

Read next:

Comments (11 Comments)

Add New Comment