Ireland’s National Treasury Management Agency (NTMA) is “very pleased” with today’s auction of treasury bills, chief executive Michael Somers said.
The auction “experienced very strong demand from international investors,” Mr Somers said in a statement issued by the NTMA today.
“The demand for one year bills was particularly good and we intend to build on this demand in future auctions.”
The NTMA auctioned three treasury bills with maturities of three months, six months and one year.
It received bids for €5.1 billion and issued €2.1 billion comprising €750 million with a three-months maturity, €750 million with six-months maturity and €600 million with one-year maturity.
The weighted average annual interest was 0.94 per cent for the 3 months, 1.04 per cent for the six months and 1.27 for the 12 months.
The NTMA has sold €9.2 billion of treasury bills since their launch two months ago. The next auction is planned for June 11th.
Additional reporting Bloomberg