NTMA to sell €500m of bond


The National Treasury Management Agency (NTMA) announces an auction of Treasury Bills (‘Bills’) on Thursday 21 February 2013. The NTMA will offer €500 million of Treasury Bills with a three-month maturity similar to the last Treasury Bills auction in January 2013.

NCB Stockbrokers chief economist Philip O’Sullivan said “We would expect to see strong appetite from investors for Thursday’s auction, building on the improved sentiment arising from the recent promissory note deal.”

Details of the auction on 21 February 2013 are as follows:

  • Auction Size: €500 million
  • Maturity: 20 May 2013
  • ISIN Code: IE00B8N4J528 (new line)
  • Auction Opens: 9:30 a.m.
  • Auction Closes: 10:30 a.m.
  • Settlement Date: 25 February 2013

The auction will be conducted on the Bloomberg Auction System and is confined to recognised Primary Dealers and Eligible Counterparties. Bills will be listed on the Irish Stock Exchange and Primary Dealers are subject to the normal reporting obligations to the Exchange.

A non-competitive auction will immediately follow the competitive auction and will close on Thursday 21 February at 4 p.m.

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