Ireland sells €500m of Treasury Bills by auction

20 March 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 €1.902 billion which was 3.8 times the amount on offer. The Treasury Bills, which have a maturity of three months, were sold at an annualised1 yield of 0.20%.

MaturityAmountAnnualised YieldCover
23 June 2014 €500m0.20%

3.8 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.

Latest News
2 April 2024

NTMA Auction Schedule for Quarter 2, 2024

Read More
21 March 2024

Ireland sells €1 billion of bonds maturing in 2034 and 2043 by auction

Read More
19 March 2024

NTMA to hold scheduled bond auction on 21 March 2024

Read More
15 March 2024

NTMA Institutional Investor Presentation, March 2024

Read More
11 January 2024

Ireland raises €3 billion from the sale of a new 10-year benchmark bond

Read More
10 January 2024

NTMA Institutional Investor Presentation, January 2024

Read More