The National Treasury Management Agency has announced that it will hold a bond auction on Thursday, 10 July.

The auction will be conducted on the Bloomberg Auction System and will be confined to recognised primary dealers.

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The details of the auction are as follows:

• Bond to be auctioned: 3.40% Treasury Bond 2024
• Auction size: €500 million
• Auction opens: 8:00 a.m.
• Auction closes : 10:00 a.m.
• Settlement Date: 15 July 2014

A non-competitive auction for 15 per cent of the amount sold in the competitive auction will immediately follow and will close at 10:00 a.m. on Friday 11 July.

Please see the NTMA’s website www.ntma.ie for further details of the Primary Dealer System and bond issuance arrangements.