NTMA sells €500m of short-term debt

Three-month treasury bills attracted bids of 3.6 times the amount on offer

The NTMA had another successful auction today, selling €500 million in short term bills.

The NTMA had another successful auction today, selling €500 million in short term bills.

Thu, Jul 18, 2013, 11:42

The National Treasury Management Agency (NTMA) sold €500 million of short term debt at an auction this morning.

The three-month treasury bills, which will mature October 21st, attracted bid of 3.6 times the amount on offer and were sold at a yield of 0.2 per cent.

Glas Securities said the sale was another good result for the NTMA.

“Portugal and Spain both had to issue at higher rates than June in their Bill issuance earlier this week, albeit only marginally higher in Portugal’s case,” analysts said.

The next bill auction is scheduled for September.