The National Treasury Management Agency has today raised €1.25 billion through the sale of an 11-year green bond and a 30-year regular treasury bond.

The NTMA is closing in on its increased funding target for 2020 to shore up government finances drained by the coronavirus pandemic. 

The NTMA sold €250m of the longer dated debt at a yield of 0.52% and €1 billion of "green" debt at a yield of -0.098%.  

It was the first time the agency has used a regular auction to sell the green bond, which provides funding for projects with environmental benefits. 

The NTMA has raised €20.25 billion through bond sales already this year. 

The debt agency said in July that its funding activity would be at the upper end of a €20-24 billion funding range, a target it increased earlier this year.