NTMA to auction €500m T-Bills

The National Treasury Management Agency (NTMA) will hold its first auction of treasury bills in 2015 later this week. The agency will offer €500m of T-Bills with a six-month maturity on Thursday.

Late last year, the NTMA announced its intention to raise up to €15bn over the next 12 months as it resumed regular and pre-announced bond auctions.

Earlier this month, the debt agency mandated a number of its primary bond dealers to issue a new seven- year syndicated bond “in the near future” — the first step in raising the planned €15bn.