The National Treasury Management Agency has sold €1.25 billion in its second dual bond auction of the year.
€850m of the bonds carry a yield of 1.046% and will mature in 2026, while the remaining €400m will mature in 2045 with a yield of 2.187%.
Demand for both sets of bonds was considerably higher than the available supply.
With the completion of today’s auction, the NTMA has issued €6.5 billion from its stated target range of €9-€13 billion in the bond markets this year.
The auction also further replenishes the scarce pool of Irish debt eligible for the European Central Bank's bond-buying programme.
The ECB has had to cut its monthly purchases of Irish bonds after nearing a self-imposed limit of holding 33%of any country's debt, a pressure the NTMA can help alleviate by issuing new eligible debt.
