Half a billion in short-term treasury bills will be sold this Thursday
The National Treasury Management Agency is set to auction off €500 million in short-term treasury bills on Thursday, March 10.
Taking place between 8.30am and 10.30am on the Bloomberg Auction System, the auction will be open to recognised primary dealers and eligible counterparties. Bills with a six-month maturity will be listed on the Irish Stock Exchange. A non-competitive auction will then follow immediately, closing at 4pm.
The first auction of its kind this year, it follows a €1 billion sale of ten-year bonds in February. Offers of €1.8 billion were received. The NTMA plans to issue a total of €6-10 billion in long-term bonds in 2016. It is already completely funded for this year.
Meanwhile, new figures released by the NTMA today show that Irish savers looked to improve their returns by putting €370 million into state products last year. Prize bonds jumped in popularity, with sales rising by 14% to a €2.5 billion record high.