NTMA announces plan to raise €500m in T-Bill auction

THE National Treasury Management Agency has announced plans to raise a further €500m in the markets.

The T-Bills will have a six month maturity.

The NTMA is the State debt management agency.

Earlier this month, the body raised €750m in a bond auction.

In March the NTMA issued its first ever 100-year government bond at an ultra-low rate of 2.35pc. The bond was sold by private placement through Goldman Sachs International Bank and Nomura.

The sale of the 100-year bond was largely viewed as a big vote of confidence in Ireland as a sovereign issuer.

At the time the NTMA said it had received “significant positive feedback” from the sale.

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