The National Treasury Management Agency (NTMA) will seek to raise between €1 billion and €1.25 billion in funding on Thursday, in the first bond auction of the year.
Two bonds are to be offered to the market - a 0.35% treasury bond maturing in 2023 and a 1.7% treasury bond maturing in 2037.
The NTMA plans to issue €7-11 billion of bonds over the course of this year, less than in recent years.
This is because of its strong cash balances, the projected Exchequer surplus and a relatively low level of maturing debt in 2023.
In December it said its strong funding position means it does not currently expect to issue Treasury Bills this year.
In recent weeks, Irish Government borrowing costs have risen back to levels last seen in 2014.
This is a result of markets in Europe reacting to higher than expected euro zone inflation data.
This morning ten year borrowing rates were trading at around 3.15%.
That is up almost half a percentage point than a month ago.
