The National Treasury Management Agency said it plans to raise between €1 billion and €1.5 billion of debt through the sale of seven, 10 and 15-year bonds on Thursday in its penultimate auction of the year.

The NTMA had to increase its funding target for 2020 to shore up government finances drained by the coronavirus pandemic. 

The NTMA has raised €21.5 billion through bond sales this year and expects to hit the upper end of a €20-24 billion funding range.