Image: Mark Stedman/Photocall Ireland

€500m worth of T-Bills sold at auction

The bills were sold at a lower interest rate this month than last month.

May 16th 2013, 12:15 PM 5,282 13

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.

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