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Saturday, May 28, 2022

NTMA thanks tax receipts for recovery of covid for cancellation of auction of June bonds

The National Treasury Management Agency (NTMA) will now meet its borrowings for the first half of this month and has canceled a bond auction that was slated for June thanks to an increase in state tax revenue.

The agency, which has already raised €4.5bn of an estimated €10bn-€14bn this year, is back on the market with a benchmark bond auction on Thursday.

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