NTMA grabs €500m from markets
Ireland looks likely to continue cash raising drive as low interest rates persist.
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Ireland looks likely to continue cash raising drive as low interest rates persist.
The National Treasury Management Agency won’t be holding anymore monthly Treasury Bills sales in 2013.
Ireland will hope to sell €500 million worth of short-term treasury bills this week with the short-term loans are expected to go with little fuss.
In better news, the NTMA CEO said we are on target to exit the bailout programme.
The €500 million sale of three-month Treasury Bills achieved an interest rate of 0.2%, the same as last month.
The National Treasury Management Agency (NTMA) will undertake the seventh Treasury Bill sale of 2013 on Thursday.
Total bids received amounted to €1.46 billion which was 2.9 times the amount on offer.
The agency plan to sell the bills on Thursday 20 June, 2013 and offer a three-month maturity on them.
The bills were sold at a lower interest rate this month than last month.
The NTMA will hold another auction this Thursday as it attempts to help Ireland return to normal lending markets.
The T-Bills were sold at a yield of 0.19 per cent.
The T-Bills have a maturity of three months and were sold at an annual interest rate of 0.24 per cent.
The next sale is slated for Thursday, 21 March.
The NTMA sold €500 million worth of short-term bonds at auction this morning.
The auction is the latest attempt to test the waters for Ireland’s eventual return to normal lending markets.
The auction is the latest in a series of measures undertaken by the National Treasury Management Agency as it looks to return Ireland to normal lending markets.
Today’s T-Bills auction was oversubscribed.
The auction of T-Bills is set to raise another €500 million.
The auction will be Ireland’s fourth since the bailout programme was initiated in November 2010.
The NTMA successfully raises €500 million at a cost far lower than two months ago.
The treasury agency will auction €500 million of three-month bills on Thursday.
Minister for Finance welcomes auction of Treasury Bills which fetched a 1.8 per cent yield.
The NTMA is set to try and raise money for the first time since Ireland was bailed out, with a €500m debt auction.
The first auction will be held on Thursday.
The NTMA says it wants to get back to issuing some bills ‘during the summer months’ to warm up for full re-entry.
The National Treasury Management Agency raises some more short-term cash – but sells off less than the maximum.
A pre-scheduled treasury bond issue gives Ireland a chance to soothe investors’ fears.