The National Treasury Management Agency has said it raised €1.5 billion in its first Government bond auction of 2010.
The NTMA said that two bonds were offered - the 4% Treasury bond 2014 and the 5.4% Treasury Bond 2025.
In a statement, it said that total bids were received for €4.9 billion and it decided to issue a total of €1.5 billion worth of bonds.
€500m was received for the 4% bond, which was 3.9 times the amount allocated. €1 billion was issued for the 5.4% bond, where the total bids received were three times the amount allocated.
Earlier this month, the NTMA raised €5 billion with the issue of a new 5% Treasury Bond 2010. It says that this, combined with today's auction, completes 33% of the NTMA's bond programme of €20 billion for this year. The NTMA raised €35.4 billion in long-term funding last year.
'Today's result for the NTMA is again extremely impressive, underlying the increased international market confidence that Ireland, unlike some other Euroland countries, is taking the right measures to address its public finances problem,' commented Bloxham economist Alan McQuaid.
The NTMA will hold its next bond auction on February 16.
