The National Treasury Management Agency has said it will issue a new ten-year bond - maturing in March 2023 – “in the near future”.

In a statement the NTMA said it had mandated Barclays, Danske Bank, Davy, Goldman Sachs International, HSBC and Nomura as joint lead managers for the transaction, which would take place “subject to market conditions”.

A number of NTMA bond issues have already taken place in recent months as the agency seeks to ease Ireland back into the markets.

These bonds have typically had maturities of five-year or less.

The nearest comparable bond is 8.5-year with a yield of  3.7%, down from around 7% in March 2012.