No further bond auctions by NTMA

THE National Treasury Management Agency (NTMA) announced that it has completed its funding programme for 2005 and, accordingly, will hold no further bond auctions this year.

The NTMA raised a total of €2 billion cash in the bond markets this year, including €4 billion from its €0.5 billion issue in February and €1.6 billion from the two bond auctions of the 4.5% Treasury Bond 2020 which were held in September and October.