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NTMA plans to hold bond auction in September

The NTMA has raised €5.25 billion of its planned €6 billion to €10 billion funding range for the year
The NTMA has raised €5.25 billion of its planned €6 billion to €10 billion funding range for the year

The National Treasury Management Agency said today it plans to hold a bond auction on Thursday, September 11 - subject to market conditions.

This will be the NTMA's only auction for the third quarter of this year.

Details of the bond auction will be announced on Monday, September 8.

The NTMA has a relatively limited borrowing requirement this year due to its large cash balances and forecast budget surplus.

It has already raised €5.25 billion of its planned €6 billion to €10 billion funding range for the year.