independent

Sunday 20 April 2014

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

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.



Also in this Section

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Top Stories

Most Read

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News