THE NATIONAL TREASURY Management Agency (NTMA) has this morning announced that it will hold its first Treasury Bill auction since September 2010 on Thursday.
It will offer €500 million of so-called T-Bills, which have a three-month maturity.
The recommencement of bond auctions is a major step towards Ireland’s re-entry to the capital markets following the November 2010 bailout by the EU and IMF.
“The resumption of Treasury Bill auction follows an intensive engagement with investors both domestically and overseas during the past 18 months and marks an important first step in our phased re-entry to the capital markets,” said NTMA chief executive John Corrigan.
The auction will be conducted on the Bloomberg Auction System and will be confined to recognised primary dealers and eligible counterparties.