NTMA set to raise 1.5bn in bond sale

The National Treasury Management Agency (NTMA) will next Tuesday seek to raise up to €1.5 billion from the auction of a 4 per cent bond maturing in January 2014 and a 5.4 per cent bond maturing in March 2025. The State's debt-raising is the first in a series of 11 monthly auctions to be held this year as the NTMA seeks to meet the State's borrowing needs.