National Treasury Management Agency (NTMA)

Coalition to seek a timed amendment to the Bill amid concerns that its progression could leave the State open to legal action

Ironically, consumers are losing out in part because they already have too much money on deposit at banks

Agency expects to borrow between €7m-€11m this year

Sale comes against backdrop of high inflation and rising borrowing costs around the world

Debt office may be one of first EU nations to tap markets this year

The latest sale of €500 million of bonds linked to State bailout of Anglo Irish Bank and Irish Nationwide brings total sold to €22.5 billion

State will next year start to repay the EU part of its international bailout, which amounts to over €40bn

National Treasury Management Agency has raised a total of €7 billion this year compared with a full year target of betwee €10bn and €14bn

National Treasury Management Agency said an auction will take place on Thursday morning to sell the treasury bonds

Some €18.4 billion of the Central Bank’s profits since 2008 have transferred to the exchequer

Cash also expected to shield Government’s finances in the event of a drop in corporate taxes or economic slowdown

Move comes as borrowing costs soar in global debt markets