The National Treasury Management Agency has today completed an auction of Treasury Bills, selling the target amount of €750m.

The NTMA said that total bids received for the bills amounted to €1.6 billion, which was over two times the amount on offer. 

The Treasury Bills, which have a maturity of six months, were sold at a yield of -0.58%, the agency added.

Last week, the National Treasury Management Agency raised €1.5 billion through the sale of seven, 10 and 15-year bonds in its penultimate auction of the year. 

The NTMA has raised a total of €22.75 billion through bond sales this year. 

The debt agency said in July that its funding activity to plug a coronavirus pandemic-widened budget deficit would be at the upper end of a €20-24 billion funding range, 95% of which it has now raised.