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NTMA to hold T-Bill auction on Thursday

The NTMA achieved an interest rate of 0.129% on its last three-month Treasury Bill auction
The NTMA achieved an interest rate of 0.129% on its last three-month Treasury Bill auction

The National Treasury Management Agency is to hold an auction of Treasury Bills on Thursday.

The agency is planning to auction €500 million worth of three-month bills later in the week, following on from similar auctions earlier in the year.

Last month the NTMA auctioned €500 million worth of bills at an annualised interest rate of 0.129%, the lowest level recorded since the 2010 bailout.

At the time it said it had received bids worth €1.822 billion – 3.6 times the amount that was on offer.

A similar auction in April achieved an interest rate of 0.195%, while in February the NTMA achieved a rate of 0.24%.