NTMA to auction €500 million of bonds on Thursday

The National Treasury Management Agency (NTMA) is to auction €500 million of ten-year bonds on Thursday.

The auction will be conducted between 8am and 10am on the Bloomberg Auction System and is confined to recognised primary dealers.

A non-competitive auction for 15 per cent of the amount sold in the competitive auction will immediately follow.

In May, the NTMA raised €750 million in an over-subscribed auction of benchmark 10-year bonds.