The Government will hold five bond auctions in the second half of 2009.
The National Treasury Management Agency said today that it will offer one to three bonds at each auction and the total auction sizes will be around €750m to €1.5 billion.
The five auctions will take place on the third Tuesday of each month: on July 21, August 18, September 15, October 20 and November 17, the NTMA added.
Last week, the NTMA said Ireland has raised €6 billion on international markets from its latest issue of bonds. The NTMA said Irish investors accounted for more than 20% of the buyers.
The move means Ireland has now raised more than €20 billion of the €25 billion it plans to borrow this year to finance a Budget deficit forecast to exceed 10% of gross domestic product.
NTMA chief executive Dr Michael Somers said the success of the bond issue was 'a clear signal of the confidence investors have in the Irish Government bond market'.
