The National Treasury Management Agency said today that it plans to hold one bond auction during the third quarter.

The bond auction will be held on Thursday September 1 - subject to market conditions.

The NTMA also said it plans to hold three Treasury Bill sales during the third quarter - July 14, August 18 and September 15.

Details of all the auctions will be announced on the Monday before the events.

The NTMA has issued €5.75 billion in funding so far this year from a planned range of €10-14 billion.

This is down from the €18.5 billion raised in 2021 as the Government expects to spend far less battling the Covid-19 pandemic.

The NTMA cancelled its planned bond auction for June due to the economy's strong fiscal performance so far this year and the lower Exchequer borrowing