NTMA raises €2.1bn as bills prove popular

THE National Treasury Management Agency (NTMA) has raised €2.1 billion to fund the country’s burgeoning Government debt.

The NTMA had originally planned to sell less debt through its treasury bill action, but demand was so intense it decided to raise €2.1bn. The NTMA offered three treasury bills at auction with maturities of three months, six months and one year.

“Total bids were received for €5.1bn and in the light of this strong demand it was decided to issue a total of €2.1bn comprising €750 million with three months maturity, €750m with six months maturity and €600m with one year maturity, the maximum indicated for each of the three maturities,” the NTMA said.