The National Treasury Management Agency (NTMA) raised €1.5bn through its latest bond auction, which was held today.
The NTMA said that Ireland had now completed 90% of its long-term borrowing programme of €20bn for 2010. Allowing for cash balances, including the €5bn of long term funding carried over from last year, the Exchequer is now fully funded into the second quarter of 2011.
The NTMA offered two bonds in today’s auction, the 4.6% Treasury Bond 2016 and the 5% Treasury Bond 2020.
Today’s auction brings the total funds raised from the bond market in 2010 to €16.5bn. When account is taken of the €1.6bn raised in the domestic retail savings market, the total long-term funding raised so far this year amounts to €18.1bn.
The NTMA will hold the next auction on August 17.