Ireland sells €500m of Treasury Bills at auction

The T-Bills have a maturity of three months and were sold at an annual interest rate of 0.24 per cent.

THE NATIONAL TREASURY Management Agency (NTMA) has sold the target amount of €500 million of Irish Treasury Bills at auction.

Total bids received amounted to €1.706 billion, which was 3.4 times the amount on offer.

The Treasury Bills, which have a maturity of three months, were sold at an annual interest rate of 0.24 per cent.

Read: Ireland buys back €500 million of its own bonds >

Read: Ireland to auction €500 million in T-Bills >

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