The National Treasury Management Agency has successfully auctioned €500 million worth of three-month Treasury Bills.
The bills were sold at a yield of 0.2% - the same as that secured in a similar auction last month.
In May the NTMA sold three month bills at a rate of 0.129% - the lowest yield achieved since it resumed auctions a year ago.
The agency said it received bids totaling almost €1.82 billion at today’s auction, 3.6 times the amount on offer.
It plans to hold a similar auction in September, subject to market conditions.
NTMA Chief Executive John Corrigan said Ireland now has substantial cash on deposit.
He said the country was fully on target with its fundraising objectives and the main thing was for Ireland's debt plans to remain on a sustainable footing.
With German elections pending, there has been concern that market sentiment towards Ireland may change but Mr Corrigan believes the amount of cash on deposit will protect against any shock.
