Business Irish

Wednesday 17 September 2014

Government to raise €500m in T-Bills or short-term money

Ailish O'Hora

Published 16/06/2014 | 10:21

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The Treasury Building on Grand Canal Street Lower where NAMA is based .Pic Tom Burke 14/4/10
The Treasury Building on Grand Canal Street Lower where NAMA is based

THE Government is to raise €500m in short-term money this week.

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The National Treasury Management Agency, which manages the country's debt, is to auction €500m in T-Bills on Thursday.

The bills have a maturity date of September 22 2014.

Ireland's ability to raise money, especially in the bond markets for longer term debt, was cited as a reason recently when ratings agency S&P upgraded our rate to A- from its previous level of BBB+.

It was the first 'A' rating for Ireland since our return to the bond markets.

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