skip to main content

NTMA to auction €500m of T-Bills on Thursday

NTMA due to hold T-Bills auction later this week
NTMA due to hold T-Bills auction later this week

The National Treasury Management Agency said it will auction €500m of 12-month treasury bills on Thursday.

The NTMA sold the same amount of 12-month paper in its last treasury bill auction in June at a yield of -0.41%.

Last week the agency raised a total of €1 billion in a dual bond auction.

It sold €550m of nine-year bonds at a yield of 0.689% and €450m of 20-year bonds at a yield of 1.648% at  auction.

The agency has now raised €10.5 billion of its €9-13 billion target through the issuance of benchmark bonds and a further €610m via its first ever inflation-linked bond.

That has helped replenish the scarce pool of Irish debt eligible for the ECB's quantitative easing programme. 

Last week the Government announced plans to refinance some of its 2010 International Monetary Fund bailout loans at cheaper market rates, saying the transaction would further increase the ECB's purchase capacity.