Monday 23 October 2017

Government to raise further €500m in short-term money

Donal O'Donovan

Donal O'Donovan

The government will raise €500m in three month debt at an auction on Thursday, the National Treasury Management Agency said today.

It will be the latest in what is now an almost monthly calendar of these short term IOUs, known as “Bills”

The NTMA started issuing the bills last July for the first time since the bailout, and now a there is around €1.5bn of bills in circulation at any one time. 

In the most recent deal the Government sold €500m of the three-month treasury bills on at an interest rate of 0.24pc on February 21.

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