The National Treasury Management Agency said it sold €1.25 billion of bonds maturing in 2033 and 2050 at auction today at yields of 2.84% and 3.359%.

With the completion of today's auction, the NTMA has issued €6 billion of benchmark bonds so far this year.

The NTMA has said it aims to raise between €7 billion and €11 billion this year on the back of a relatively low level of maturing debt and a large projected budget surplus.