Seventh Treasury bill auction to take place

The NTMA will keep up its engagement with the markets through its seventh Treasury bill auction of the year tomorrow.

The NTMA will offer €500m of bills with a three-month maturity, similar to the last auction in June. This will be the seventh auction of 2013 and, subject to market conditions, will be followed by another monthly auction for the third quarter in September.

In March, the Government issued its first 10-year bond since entering the bailout in Nov 2010.