National Treasury Management Agency moves closer to its €10bn target for 2024

The Government's debt issuing office, has reached the halfway point with €5bn benchmark bonds.

Minister for Finance Michael McGrath (right) and Frank O'Connor chief executive of the NTMA which raised €600m by issuing a 10-year bond and a further €400m from a 17-year bond. File picture: Fennell Photography

The National Treasury Management Agency (NTMA), the Government's debt issuing office, raised €1bn at a bond auction on Thursday as it moves closer to its target for the year.

The NTMA has plans to raise a maximum of €10bn, or a minimum of €6bn, on international markets by the end of 2024. Following the latest auction, it has reached the halfway point for its €10bn target with €5bn benchmark bonds.