The National Treasury Management Agency said it will hold an auction of Treasury Bills this Thursday.

The NTMA said it will offer €500m of Treasury Bills with a three-month maturity similar to the last Treasury Bills auction in September.

In September, the yield for the bills stood at 0.7%. This compares to a yield of 1.8% on similar three month bills sold in July.

The September auction was oversubscribed by three times with bids of over €1.5 billion placed.