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Mark Stedman/Photocall Ireland
# Treasury Bills
€500m worth of T-Bills sold at auction
The bills were sold at a lower interest rate this month than last month.
THE NATIONAL TREASURY Management Agency has completed an auction of Irish Treasury Bills, selling the target amount of €500 million.
The total bids received amounted to €1.822 billion, almost 3.6 times the amount on offer.
The Treasury Bills, which have a maturity of three months, were sold at an annualised interest rate of 0.12 per cent – lower than the 0.19 per cent the bills were sold for in April.
A three-month maturity to 19 August was offered on the bills.
Read: Another €500m of T-Bills for sale this week>
More: The NAMA advisors who work for free cost €23,000 last year>
