NTMA to raise €500m in seventh auction
The National Treasury Management Agency (NTMA) is to auction €500m worth of short-term government debt on Thursday.
It will be the seventh auction of treasury bills held by the NTMA this year and is expected to be followed by another auction in September.
The auction will offer €500m worth of treasury bills with a three-month maturity.
In May the NTMA completed an auction of treasury bills, selling the full target amount of €500m at an annualised interest rate of 0.12pc.
Auctions of the short term bonds have become an almost monthly fixture on the financial calendar since the “bills” programme was reactivated last summer for the first time since the bailout.
Finance Minister Michael Noonan is currently in discussions with EU/ECB/IMF officials about Ireland's exit from the bailout programme.