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