The National Treasury Management Agency (NTMA) will hold a bond auction this week as the agency seeks to raise up to €1.5 billion.
Three treasury bonds will be offered – a 1 per cent bond with a maturity date of 2026, along with a 0 per cent Treasury Bond due to mature in 2031, and a 0.4 per cent bond with a maturity date of 2035.
The NTMA has set a target of between €1 billion and 1.5 billion for the sale.
Last month the agency raised €1.25 billion through the sale of government bonds maturing in 2029, 2037 and 2045, followed by €750 million of treasury bills .
The NTMA expects to raise up to €20 billion in the bond markets this year to cover a budget gap caused by the Government’s response to the Covid-19 pandemic and potential fallout from Brexit.
