Ireland is set to raise €1 billion from international bond investors this Thursday, when it holds its second bond auction since Ireland exited the bail-out in December 2013.

The National Treasury Management Agency (NTMA)will auction €1 billion 3.4 per cent 2024 bonds at 8 am on April 10th, with the transaction confined to recognised primary dealers.

A non-competitive auction for 15 per cent of the amount sold in the competitive auction will immediately follow and will close at 10:00 am on Friday, April 11th.

Last month Ireland successfully raised €1 billion at the lowest yields on record in its first auction of 10-year debt since September 2010.

Ireland is already fully funded into 2015, but the NTMA plans to raise about €8 billion this year, 60 per cent of which it has already borrowed.