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Ireland sells €500m of Treasury Bills by auction

The National Treasury Management Agency (NTMA) has today completed an auction of Irish Treasury Bills, selling the target amount of €500 million. Total bids received amounted to €2.1 billion which was 4.2 times the amount on offer. The Treasury Bills, which have a maturity of three months, were sold at an annualised yield of 0.105%.

The NTMA has raised €6.5 billion of Ireland’s long-term money this year already, bringing it 81 per cent of the way towards its full-year funding target of €8 billion.