NTMA raises €1.5bn through govt bonds auction

The National Treasury Management Agency (NTMA) raised €1.5bn through its latest bond auction, which was held today.

The NTMA said that Ireland had now completed 90% of its long-term borrowing programme of €20bn for 2010. Allowing for cash balances, including the €5bn of long term funding carried over from last year, the Exchequer is now fully funded into the second quarter of 2011.