Friday 23 June 2017

NTMA to sell €500m in short-term debt this week

Thomas Molloy

Thomas Molloy

THE National Treasury Management Agency said this morning that it plans to sell €500m of short-term debt on Thursday in its fourth sale of treasury bills since re-entering public debt markets in July.

The agency that manages the country’s debts said in a statement that the treasury bill sale will be its last such auction this year. The bills mature on February 18, according to the NTMA.

It last sold three-month debt on October 18 at a yield of 0.7pc with a bid-to cover ratio of 3.6 times.

Finance Minister Michael Noonan said earlier this month that the country will sell long-term bonds next year as it fully re-enters the bond market and cuts its reliance on lending from the International Monetary Fund and Europe.

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