The National Treasury Management Agency (NTMA) will try and raise €500 million on the bond markets this morning.
It is planning to sell a batch of 3- month bills in an hour-long auction today.
It marks the latest step in a full return to the bond markets for Ireland.
Late last month the agency successfully sold more then €1 billion worth of Irish Amortising Bonds to the markets.
It was the first time these types of bonds were sold to the market.
They were designed and issued to meet the needs of the Irish pensions industry whose natural demand is for long-dated bonds.
While back in July the NTMA raised €5.23 billion in another bond auction and €4.19 billion of that was in new money and the average interest rate was below 6%.
3/4 of the demand for those bonds was from abroad with significant interest from Scandinavia and North America.
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