Tuesday, March 19 11:02:14
The National Treasury Management Agency (NTMA) today said it will auction off E500m in three-month sovereign debt following its successful ten-year issue a week ago.
The auction of Treasury Bills will take place on Thursday 21 March.
The NTMA will offer E500 million of paper with a three-month maturity similar to the last Treasury Bills auction in February.
Last Wednesday, the NTMA sold E5 billion worth of 10-year bonds in a move widely seen as heralding the beginning of the end of the Bailout.
It was seen as a major test of Ireland's ability to raise long-term funds from capital markets.
The issuance, which matures in March 2023, was double the size that many analysts had forecast. It is understood the agency was guiding that it would issue E2 billion to E3 billion but had offers of up to E12 billion.
It was the first issuance of 10-year notes since the country entered its EU-IMF bailout in late 2010.