The National Treasury Management Agency (NTMA) has announced the successful auction of €1 billion in bonds.

The NTMA is a State body which operates with a commercial remit to provide asset and liability management services to Government.

The agency sold €550 million of a bond that matures in 2026 at a yield of 0.689 per cent. Separately, the agency sold €450 million of a bond that matures in 2037 at a yield of 1.648 per cent.

It has now issued €10.5 billion benchmark bonds this year. The agency has a full-year target of raising between €9 billion and €13 billion through the sale of long-term debt over the period.