NTMA sells €750m of Irish Treasury Bills at negative interest rate
May 22, 2020
The National Treasury Management Agency today held an auction of Irish Treasury Bills and sold the target amount of €750m.
The NTMA said that total bids received amounted to €3.71 billion which was nearly five times the amount on offer.
The Treasury Bills, which have a maturity of five months, were sold at a yield of -0.43%.
Last week, the NTMA sold €1.5 billion of nine and 30 year bonds with yields of 0.043% and 0.792% respectively.
The NTMA last month revised its 2020 funding target of €20-24 billion, up from the €10-14 billion envisaged before the crisis.
It has now issued €12.5 billion worth of bonds so far this year.
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