The National Treasury Management Agency said it will auction €500m of treasury bills on Thursday. 

The agency plans to extend the duration of its short term debt sales to six months after issuing three-month paper at a yield of 0% in September.

The NTMA, which has stuck to three-month auctions since resuming regular treasury bill sales in 2012, sold 15-year debt at a record low this month and is fully pre-funded to the end of 2015. 

September's treasury bill auction was the first time ever Ireland sold debt at a yield of 0%.