The National Treasury Management Agency said it sold €1.5 billion of nine and 18-year bonds at an auction today at yields of 2.9% to 3.4%.
The NTMA said it has now raised €6.75 billion of its planned €6-10 billion funding range for the year.
The debt agency said it sold €1 billion of a bond which is due to mature in 2034 and €500m of
a bond due to mature in 2043. Both bonds were over subscribed.
Today’s auction was the NTMA’s only auction for the third quarter of this year.
The NTMA has a relatively limited borrowing requirement this year due to its large cash balances and forecast budget surplus.
