The National Treasury Management Agency is set to cap its 2021 fundraising at €18.5 billion with the sale of €1 billon in seven and 10 year debt in its final auction of the year on Thursday.

The NTMA has raised €17.5 billion in bond sales so far this year.

It planned to borrow €16-20 billion on the bond market in 2021 to fund coronavirus-related spending.