Ireland sells €500m of Treasury Bills by auction

19 June 2014 – 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 €2.1 billion which was 4.2 times the amount on offer. The Treasury Bills, which have a maturity of three months, were sold at an annualised1 yield of 0.105%.

MaturityAmountAnnualised YieldCover

22 Sept 2014

€500m

0.105%

4.2 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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