Ireland sells €500m of Treasury Bills in first auction since September 2010

5 July 2012 - The National Treasury Management Agency (NTMA) has today completed an auction of Irish Treasury Bills, selling the target amount of €500 million, in the first such offering since September 2010.

Total bids received amounted to €1.415 billion which was 2.8 times the amount on offer. The Treasury Bills, which have a maturity of three months, were sold at a yield of 1.80%.

Speaking today, NTMA Chief Executive John Corrigan said: "We are encouraged by the strong demand, the competitive interest rate and the presence of significant international interest in today's auction. However, we are conscious that this is only the first step towards our ultimate goal of full access to the capital markets."

Maturity Amount Yield Cover
15 October 2012 €500m 1.80% 2.8 times
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