The state debt management agency raised an additional 1.25 billion euros through the auction of government bonds.
The National Treasury Management Agency (NTMA) said it has completed an auction of bonds maturing in 2029, 2037 and 2045.
With the completion of the auction, NTMA has issued € 13.25 billion of benchmark bonds so far this year.
NTMA borrowed € 24 billion in international bond markets last year at a record average rate of 0.2%, and is on track to raise up to € 20 billion in cheap debt in 2021 for deal with the fallout from the coronavirus pandemic. .
Its chief executive Conor O’Kelly said last month he had little concern that taxpayers would face skyrocketing interest charges when billions of euros in Covid-linked loans need to be refinanced to the to come up.
While Mr. O’Kelly said countries face interest rate risks in the future when they refinance borrowed money to deal with the coronavirus pandemic, he pointed out that the ECB and other decision-makers will ensure that the market environment “is favorable”.