Friday 21 July 2017

NTMA raises €500m in T-Bills auction

The latest deal means the NTMA has raised €5.5bn of its target to borrow between €6bn and €11bn on the markets this year.
The latest deal means the NTMA has raised €5.5bn of its target to borrow between €6bn and €11bn on the markets this year.
Independent.ie Business Desk

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.

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