Saturday 25 February 2017

Government to raise €500m in T-bill auction

Ailish O'Hora

Ailish O'Hora

NTMA chief executive John Corrigan
NTMA chief executive John Corrigan

THE National Treasury Management Agency (NTMA) is to raise €500m of three-month money on Thursday.

The body that manages the country's debt successfully auctioned €500m of T-bills in July when they were sold at a yield of 0.2pc.

Raising funds has been a priority for the Government as it plans to exit the EU/IMF/ECB bailout programme at the end of the year.

In July, the NTMA chief John Corrigan said the country was on target with its funding plans ahead of the exit.

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