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NTMA to sell €500m of T-Bills this week

The National Treasury Management Agency (NTMA) will undertake the seventh Treasury Bill sale of 2013 on Thursday.

THE NATIONAL TREASURY Management Agency (NTMA) is to auction off another €500 million of three-month Treasury Bills this week following similar sales in May and June.

The NTMA will hold the auction on Thursday and, subject to market conditions, will follow it up with one further monthly auction in the third quarter in September.

This auction will be the seventh such sale of 2013 with the most recent such auction in June resulting in sales at a rate of 0.2 per cent, higher than the 0.12 per cent that pertained in May.

The auction will be conducted on the Bloomberg Auction System and will last between 09:30 am and 10:30 am.

Read: Ireland sells €500m of T-bills at a higher rate than last month >

Read: NTMA launches State Savings products >

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Rónán Duffy

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