Tuesday, February 19 10:15:57
The National Treasury Management Agency (NTMA) is to hold an auction of Treasury Bills this Thursday, the second time this year that the agency has tapped the markets.
It will offer E500 million of Treasury Bills with a three-month maturity similar to the last Treasury Bills auction in January.
The auction will be conducted on the Bloomberg Auction System and is confined to recognised Primary Dealers and Eligible Counterparties. Bills will be listed on the Irish Stock Exchange and Primary Dealers are subject to the normal reporting obligations to the Exchange.
A non-competitive auction will immediately follow the competitive auction and will close on Thursday 21 February at 4 p.m.
The NTMA has set a total funding target of E10 billion for 2013, as Ireland prepares its exit from the EU-International Monetary Fund bailout programme.
In January, the NTMA successfully sold E2.5 billion in a syndicated tap deal, while expectations are that it may also look to issue a 10-year benchmark deal this year.