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NTMA due to hold two bond auctions in third quarter

The National Treasury Manangement Agency said today it plans to hold two bond auctions in the third quarter of this year.

The NTMA said it will hold bond auctions on July 9 and September 10.

The agency is also planning three Treasury Bill sales and these are pencilled in for July 16, August 20 and September 17.

The NTMA continues to move towards its annual funding target of up to €24 billion to shore up government finances to deal with the coronavirus pandemic.

It has raised €18.5 billion from bond issuance so far this year.

In April, the NTMA announced a revised bond funding range of €20 billion to €24 billion for the full year, to meet the extra borrowing requirements of Government measures during the Covid-19 pandemic.

That replaced the original bond funding range, announced in December, of €10 billion to €14 billion.

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