The National Treasury Management Agency has outlined its funding plan for the country for 2018.

It hopes to issue €14 billion to €18 billion of bonds over the course of next year.

The NTMA will outline its bond auction plans for each quarter at the beginning of that quarter.

It also intends to hold at least one syndicated bond deal during the year.

The NTMA will continue to issue Treasury Bills during 2018 and further details will be contained in the quarterly announcements.

The NTMA's Head of Funding & Debt Management, Frank O’Connor, said: "Having borrowed over €17 billion in 2017, the 2018 Funding Plan seeks to continue our strategy of pre-funding to take advantage of the favourable interest rate environment and provide greater certainty on our debt service costs."