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NTMA to auction €500m of treasury bills on Thursday

NTMA to hold treasury bill sale on Thursday
NTMA to hold treasury bill sale on Thursday

The National Treasury Management Agency said it plans to 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 September at a yield of -0.5%.

Last week, the agency said it hopes to issue €14 billion to €18 billion of bonds over the course of next year. 

The NTMA will outline its bond auction plans for each quarter at the beginning of that quarter. 

It also intends to hold at least one syndicated bond deal during the year.

The NTMA said it will continue to issue treasury bills during 2018 and further details will be contained in the quarterly announcements.