The National Treasury Management Agency has completed an auction of Treasury Bills today, selling the target amount of €750m.
The NTMA said that total bids for the Treasury Bills amounted to €1.42 billion, which was almost two times the amount on offer.
The Treasury Bills, which have a maturity of five months, were sold at a yield of -0.24%.
The NTMA has issued €5.75 billion in funding so far this year from a planned range of €10-14 billion.
This is down from the €18.5 billion raised in 2021 as the Government expects to spend far less battling the Covid-19 pandemic.
Earlier this month, the NTMA cancelled its planned bond auction for June due to the economy's strong fiscal performance so far this year and the lower Exchequer borrowing requirement estimate for 2022.
