Business Irish

Tuesday 30 May 2017

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

The Treasury Building on Grand Canal Street Lower where NAMA is based
The Treasury Building on Grand Canal Street Lower where NAMA is based
Ailish O'Hora

Ailish O'Hora

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.

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