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Ireland to auction up to 1.25 billion euros of bonds on Thursday

Reuters - UK Focus

DUBLIN, Feb 6 (Reuters) - Ireland (Other OTC: IRLD - news) will auction up to 1.25 billion euros of debt on Thursday in its first bond auction of the year, its debt agency said on Tuesday.

The auction will be split into two bonds, one maturing in 2022 and another in 2026, the National Treasury Management Agency said in a statement.

The agency, which plans to issue between 9 billion and 13 billion euros of long-term debt in 2017, kicked off its funding drive in January with the sale of 4 billion euros of 20-year debt via a syndication of banks.

(Reporting by Conor Humphries)