NTMA defers bill auctions until 2014

Agency suspends debt auctions due to ’relatively strong funding position’

NTMA chief executive John Corrigan with  Minister for Finance Michael Noonan  at Treasury Buildings in Dublin. Photograph: Brenda Fitzsimons/The Irish Times

NTMA chief executive John Corrigan with Minister for Finance Michael Noonan at Treasury Buildings in Dublin. Photograph: Brenda Fitzsimons/The Irish Times

Tue, Oct 1, 2013, 12:54

The National Treasury Management Agency has suspended its monthly Treasury Bill auctions until 2014.

The agency said it took the decision to suspend the debt auctions due to its “relatively strong funding position”.

“The NTMA has also decided to defer consideration of any further medium/long term bond issuance until early 2014,” the agency said in a statement.

The NTMA raised €500 million in an auction of three-month debt last month.