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Government raises €500m in T-bills auction

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Finance Minister Michael Noonan

Finance Minister Michael Noonan

Finance Minister Michael Noonan

The National Treasury Management Agency (NTMA) has today completed an auction of Irish Treasury Bills, selling the target amount of €500m.

Total bids received amounted to €1.74bn - this was 3.49 times the amount on offer.

The Treasury Bills, which have a maturity of six months, were sold at an annualized yield of 0pc.

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