The National Treasury Management Agency said it will hold its next bond auction on Thursday February 14.

The NTMA yesterday raised €4 billion of its €14-18 billion issuance target for 2019 in a syndicated deal after being swamped with bids for four times that amount.

Ireland has begun its annual fundraising with a syndicated sale every year since 2013.

It was among the first euro zone sovereigns out of the traps again yesterday in one of the busiest weeks of the year for issuance in the bloc. 

Concurrent or planned issuance in Germany, France, Portugal and Italy failed to hamper demand for Irish debt as investors put in €18.1 billion of orders, the largest ever received by Ireland for a syndicated sale, the NTMA said. 

That helped the debt agency to sell the new benchmark bond at a yield of 1.123%.

Outlining its schedule for the first quarter of the year, the NTMA also said it will hold a Treasury Bill auction on Thursday March 14.

It added that the auctions will be go ahead subject to market conditions.