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