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NTMA to hold bond auction on October 9

Thursday's bond auction is the NTMA's only planned bond auction for the fourth quarter of this year
Thursday's bond auction is the NTMA's only planned bond auction for the fourth quarter of this year

The National Treasury Management Agency said it plans to raise between €1 billion and €1.5 billion at a bond auction on Thursday October 9 - its only planned bond auction of the fourth quarter.

The NTMA said there will be two bonds offered in this week's auction - a 2.6% Treasury Bond which will mature in 2034 and a 3.15% Treasury Bond which will mature in 2055.

The NTMA has raised €6.75 billion of its planned €6-10 billion funding range for the year.

The debt agency has a relatively limited borrowing requirement this year due to its large cash balances and forecast budget surplus.