The National Treasury Management Agency said it is planning to issue a new government bond by syndication later this month.

The NTMA regularly kicks off its annual funding drive early in the year with a syndicated sale and could cover around a quarter of its funding needs after it announced last month that it would borrow between €10 and 14 billion this year.

The debt agency also plans to hold one bond auction during the first quarter of 2022 - on March 10.

It said it also plans to hold two Treasury Bill auctions on February 17 and March 24.

Details of the auctions will be announced on the Monday before each event, it added.

A total of €18.5 billion was raised by the NTMA last year as the Government spent billions in its efforts to battle the Covid-19 pandemic.