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NTMA to raise €500m at auction

THE National Treasury Management Agency (NTMA) is set to raise €500m at auction next Thursday.

The agency that manages the country's debt will offer €500m of Treasury bills with a six-month maturity.

The decision to extend the duration of short-term debt sales comes after the Government issued three-month paper at a yield of 0pc in September. According to the NTMA, the maturity date is May 25.

Earlier this month the state's debt management agency raised €3.75bn through the sale of treasury bonds maturing in May 2030.

Of the amount issued today, 11pc was taken up by domestic investors and 89pc by overseas investors, including Germany, Austria, France and the UK.