The National Treasury Management Agency has today auctioned €1 billion of 10-year bonds, as it bids to close in on its minimum fund raising target for the year. 

The bonds were sold at a yield of 0.888%, slightly above the 0.818% the agency paid at the last regular auction in July.

The auction received 2.4 times more bids than the value of the paper on offer, the NTMA said. 

After today's auction, the NTMA has raised €13.5 billion of long-term debt. 

It plans to issue between €14 billion and €18 billion of bonds in total this year.

Last week, the NTMA also announced plans to issue Ireland's first Green Bond in the coming months, subject to market conditions.

Green Bonds remain a relatively new feature of the sovereign debt market. In the EU only France, Belgium and Poland have issued them so far.

The NTMA said it intends to engage with potential investors on a targeted roadshow over the coming weeks.