NTMA to auction €1.5bn of bonds

THE National Treasury Management Agency will auction €1 billion to €1.5bn of bonds on February 16 as part of its regular funding programme, it said yesterday.

In January it raised €6.5bn in two auctions.

That represented a third of Ireland’s €20bn borrowing requirements for this year, which the NTMA will raise though a series of auctions to be held on the second Tuesday of every month.