The National Treasury Management Agency (NTMA) is to hold one final bond auction this year, indicating a slowing down in the pace of raising of funds with the bulk of fundraising for 2015 already achieved.

The agency, which has raised €12 billion in the bond markets out of a €12 billion to €15 billion targeted range, said the next auction will take place on Thursday next. Further details concerning the auction are to be announced on Monday.

The NTMA said there will be no Treasury Bill auctions during the fourth quarter.

Most of the money raised to date this year has been for longer maturities - including €4.5 billion raised in a 30-year bond.

Last month the agency completed an auction of €1billion of the benchmark 15-year Irish Government bonds.