NTMA to hold bond auctions

The National Treasury Management Agency (NTMA) has said it is to auction two Government bonds next Tuesday as part of its regular…

The National Treasury Management Agency (NTMA) has said it is to auction two Government bonds next Tuesday as part of its regular funding programme.

The auction includes a 4.6 per cent bond maturing in April 2016 and a 4.5 per cent bond maturing in October 2018.

The NTMA said the auction size will be announced this coming Friday.

A total of €13.2 billion, or 66 per cent of the NTMA's fundraising programme for 2010 has already been raised this year from monthly auctions.

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Last month's auction raised €1.5 billion after receiving total bids of €4.6 billion.