The National Treasury Management Agency has successfully auctioned €500 million of treasury bills with a six-month maturity.
The agency said all bids were filled at the cut-off of zero per cent.
Total bids received amounted to €1.745 billion which was 3.49 times the amount on offer. The bills were sold at an annualised yield of 0.00 per cent.
The auction was confined to recogised primary dealers.
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The agency is advancing plans to step up the sale of new debt this year, with up to €15 billion in long-term bond sales.
The NTMA has sold €11.75 billion in long-term debt since the start of 2014, and is also taking steps to ease the burden of an €8 billion debt that matures in April 2016.
