NTMA sells €500m of short-term debt

The National Treasury Management Agency (NTMA) sold €500 million of short term debt at an auction this morning.

The three-month treasury bills, which will mature October 21st, attracted bid of 3.6 times the amount on offer and were sold at a yield of 0.2 per cent.

Glas Securities said the sale was another good result for the NTMA.

“Portugal and Spain both had to issue at higher rates than June in their Bill issuance earlier this week, albeit only marginally higher in Portugal’s case,” analysts said.

The next bill auction is scheduled for September.