The National Treasury Management Agency is aiming to raise between €1-1.25 billion at a double bond auction on Thursday.

Two bonds will be offered in the auction - a 0% Treasury Bond which is due to mature in 2031 and a 0.55% Treasury Bond due to mature in 2041.

The NTMA is aiming to raise €18-20 billion for the year.

It last held a bond auction was in July, which brought the total raised so far this year to €14.75 billion.

The €14.75 billion raised so far this year has an average yield of 0.13% and an average maturity of more than 14 years.