The National Treasury Management Agency has today sold €750m of treasury bonds at an auction.

The NTMA said the bonds, which will mature in 2022, were sold with a yield of 0.157%.

Total bids received amounted to €1.945 billion, which was 2.6 times the amount on offer.

The country is already fully funded for this year.

With the completion of today's auction the NTMA, has raised €5.5 billion from its stated target range of €6 - 10 billion in the bond markets this year. 

Finance Minister Michael Noonan said the fact that the Irish Government can sell six-year paper with a yield of one sixth of 1% is "noteworthy". 

"This shows that there is no market concern about the new Government or about the Programme for Government, which was published before the auction took place," the Minister said in a statement.