NTMA raises €500m in T-Bills auction
THE National Treasury Management Agency has raised a further €500m in the markets.
Total bids received amounted to €1.347bn which was 2.7 times the amount on offer.
The Treasury Bills, which have a maturity of six months, were sold at an annualised yield of minus 0.22pc.
The NTMA is the State debt management agency.
Earlier this month, the body raised €750m in a bond auction.
In March the NTMA issued its first ever 100-year government bond at an ultra-low rate of 2.35pc. The bond was sold by private placement through Goldman Sachs International Bank and Nomura.
The sale of the 100-year bond was largely viewed as a big vote of confidence in Ireland as a sovereign issuer.
At the time the NTMA said it had received "significant positive feedback" from the sale.