Irish

Friday 1 August 2014

Government raises €500m in T-Bill auction

Published 19/06/2014|10:58

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Head of NTMA John Corrigan
Head of NTMA John Corrigan

THE Government has raised €500m in a short-term money auction.

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The National Treasury Management Agency (NTMA), which manages the country's debt, raised the target amount in T-Bills.

Total bids received amounted to €2.1bn which was 4.2 times the amount on offer.

The Treasury Bills, which have a maturity of three months, were sold at an annualised yield of 0.105pc.

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