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NTMA raises €500m in T-bill auction

THE National Treasury Management Agency (NTMA) has raised €500m in short term money in an auction that was more than four times over-subscribed.

The Treasury Bills, which have a maturity of three months, were sold at a yield of 0.55pc.

The agency, which manages the country’s debt, said the auction will be the last this year.

Earlier this week Bank of Ireland returned to the bond markets and raised €1bn - without using the government guarantee.