NTMA to hold €500m auction

The National Treasury Management Agency is taking advantage of the benign conditions for government debt by issuing €500m in three-month treasury bills (T-bill) tomorrow.

The T-bill auction follows a series of government bond issuances over the summer, which has greatly eased the €8.2bn funding cliff the economy faced in Jan 2014.

The NTMA successfully issued a €1bn amortising bond in late August and in July, the agency completed a €5.23bn bond swap.