NTMA sells €750m of Treasury Bills in new auction

The National Treasury Management Agency today completed an auction of Irish Treasury Bills, selling the target amount of €750m. 

The NTMA said that total bids received for the Treasury Bills amounted to €2.305 billion which was over three times the amount on offer. 

The Treasury Bills, which have a maturity of six months, were sold at a yield of -0.25%.

Last week, the NTMA raised €6 billion in its largest bond sale for a decade, as it moves to boost its finances to fund “significant deficits” caused by the coronavirus pandemic.  

The NTMA raised the funds through the syndicated sale of a new seven-year bond, which attracted more than €33 billion worth of demand from 250 accounts.

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