Wednesday 20 September 2017

Government to raise €500m in T-bill auction

Finance Minister, Michael Noonan, and John Corrigan, Chief Executive, NTMA
Finance Minister, Michael Noonan, and John Corrigan, Chief Executive, NTMA

THE National Treasury Management Agency (NTMA) is set to raise €500m at auction next Thursday.

The agency that manages the country's debt will offer €500m of Treasury bills with a six month maturity.

The decision to extend the duration of short-term debt sales comes after the Government issued three month paper at a yield of 0pc in September.

According to the NTMA, the maturity date is May 25.

 

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