The National Treasury Management Agency said today it has sold €1.25 billion worth of bonds maturing in 2036 and 2055 by auction at yields of between 3.2% and 3.8%.
The debt agency has now raised €9.5 billion of its planned €10 billion to €14 billion funding range for the year.
Meanwhile the NTMA said yesterday that the era of record low interest rates was over and the country would face higher debt servicing costs in future.
Last year the NTMA borrowed €8.5 billion, a rise of €2.5 billion on 2024, at an average interest rate of 3.08%.
Over a third of the money raised was from the sale of 30-year bonds at a yield of 3.15%.
Last year the national debt fell for the fourth year in a row to €210 billion.
The average interest rate on the stock of debt remained “broadly stable” at 1.5%.
The NTMA said Ireland’s national debt has one of the longest maturities in Europe.
