Ireland sells €500 million of Treasury Bills by auction

18 April 2013 – The National Treasury Management Agency (NTMA) has today completed an auction of Irish Treasury Bills, selling the target amount of €500 million.

Total bids received amounted to €2.378 billion which was 4.8 times the amount on offer. The Treasury Bills, which have a maturity of three months, were sold at an annualised yield1 of 0.195%.

MaturityAmountAnnualised YieldCover
22 July 2013€500m0.195% 4.8 times

1 Market convention is to quote the yield on an annualised basis i.e. the rate of interest that would apply if the investment term was one year. As these Bills have a three-month maturity, the actual interest cost on them is proportionately less than the annualised rate.

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