The National Treasury Management Agency has sold €1 billon of the benchmark 15-year Government bond at a yield of 1.8157%.

The agency said that total bids received amounted to €2.745 billon, which was 2.75 times the amount on offer.

The NTMA has now raised €12 billion from its stated target range of €12-15 billion in the bond markets this year. 

It said that a further announcement on its auction schedule for the last quarter of 2015 will be made in October.