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 amounted to €1.36 billion, which was almost twice the amount on offer.
The Treasury Bills, which have a maturity of six months, were sold at a yield of -0.41%.
For 2022, the NTMA plans to issue €10-14 billion on the bond market.
This is down from the €18.5 billion raised in 2021 as the Government expects to spend far less dealing with the Covid-19 pandemic.
