Business Irish

Tuesday 16 September 2014

Government to raise further €500m in T-bills

Ailish O’Hora

Published 19/02/2013 | 10:42

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John Corrigan, CEO of the National Treasury Managment Agency

THE Government is set to raise a further €500m in T-bills on Thursday following a similar move last month.

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THE National Treasury Management Agency sold €500m in treasury bills last month at a yield of 0.2pc and the bid was over-subscribed with just under €2bn in bids received.

As Ireland prepares to return to the bond markets after an anticipated exit from the EU/IMF/ECB bailout programme, the NTMA, which manages the country’s debt, is planning to raise €10bn in 2013.

It may also issue a longer-term bond later this year.

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