NTMA plans to raise €1bn in bond auction

The auction is due to be held on Thursday as market bets increase that the ECB will cut rates at least once before August

The auction is an opportunity for domestic and international investors to buy Irish sovereign debt paper because the healthy public finances.  Picture: Leah Farrell / RollingNews.ie

The National Treasury Management Agency (NTMA), the Government's debt issuing office, has announced that it plans to raise €1bn in a bond auction scheduled for later this week.

This is the first auction organised by the NTMA since March, as bets increase that the European Central Bank (ECB) will start cutting interest rates in June.