NTMA raises €500m in over-subscribed auction
THE National Treasury Management Agency has raised €500m in short term money in an auction that was more than three times oversubscribed.
The treasury bills, which have a maturity of three months, were sold a yield of 0.24pc.
Total bids received amounted to €1.7bn – 3.4 times the amount on offer.
Earlier this month, Ireland celebrated a return to the bond markets after investors offered to lend a staggering €12bn to the Government for ten years.