The National Treasury Management Agency (NTMA) has said it will seek to raise €1 billion in funding via a bond auction on Thursday.

There will be two bonds offered in the auction; a 0.0% Treasury Bond maturing in 2022, and 0.9% Treasury Bond, scheduled to mature in 2028.

Last month the NTMA raised €4 billion in a syndicated 15-year bond issue, which matures in May 2033. 

Those funds were raised at a yield of 1.319%.

Ahead of Thursday's bond auction, the NTMA has already issued €10.25 billion worth of bonds this year.