NTMA bond auction raises €1.5bn

THE National Treasury Management Agency (NTMA) has successfully raised more than half of its total fundraising targets for 2010, after its latest auction of government bonds raised €1.5 billion.

Yesterday’s auction — covering two separate bonds — means that the NTMA (which is in charge of the national debt and Government borrowing) has raised €10.2bn since the beginning of this year, just over half of the €20bn target it set for the year.

This would be in addition to the €5bn, or so, long-term advance funding carried over by the agency from last year.