Ireland back in market with €500m treasury sale

The National Treasury Management Agency will auction a €500m three-month treasury bill tomorrow to pave the way for the issuance of longer dated debt in the first quarter of 2013.

Ireland back in market with €500m treasury sale
Wed, 04 Jul, 2012 - 01:00
John Walsh, Business Correspondent

Tomorrow’s auction is the Government’s first foray into the sovereign debt markets since the EU/IMF bailout was agreed in Nov 2010.

Merrion Stockbroker economist Alan McQuaid expects the rate on tomorrow’s treasury bill auction to come in at 3.50%-4%.

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