The National Treasury Management Agency has raised €1.25 billion of debt today through the sale of 10 and 30-year bonds in its final auction of the year.

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

It has raised a total of €24 billion through bond sales this year from a range of €20-24 billion.

Today's auction was made up of €850m of bonds which were sold at a yield of -0.202% and which will mature in October 2030, while the NTMA also sold €400m of debt at a yield of 0.418% as part of a bond maturing in 2050.