Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Dublin: 10°C Wednesday 10 August 2022

Back to the markets: Ireland to offer €500 million of three-month bills

The first auction will be held on Thursday.

Image: Francisco Seco/AP/Press Association Images

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.

Explainer: Everything you wanted to know about the bond markets but were too afraid to ask>

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Read next: