The National Treasury Management Agency (NTMA) has raised €1.25 billion in the bond market today - its first bond auction this year.
Back in January it raised €3.5 billion in a syndicated "green bond" issue which will be used on sustainable public investment.
This means the NTMA has raised €4.75 billion so far this year. It aims to raise between €7 billion and €11 billion this year.
The funds raised today included €450m as part of a ten-year bond maturing in 2032. The yield, or rate, on the bond was 3.133%.
The last time a ten-year Irish government bond had a yield over 3% was in 2014.
€800m was also raised as part of bond maturing in 2037 at a yield of 3.37%.
Bond yields have gone up over the past 18 months in response to interest rate rises and concerns over inflation.
However, up until last year, bond yields were at historic lows - and sometimes even at negative rates - which means the average cost of servicing, or yield, on the national debt is 1.5%.
Gross national debt at the end of February stood at just under €240 billion.
