The Irish government is expected to brave the markets by issuing a 10-year bond for the first time since the bailout.
The NTMA, headed up by chief executive John Corrigan, has been issuing bonds with gradually lengthening maturities since July last year when the first bonds since the bailout were placed with investors. A 10-year bond is the latest step in the country's return to financing itself on the markets instead of through European Union and International Monetary Fund rescue loans.
The NTMA has not said how much it is planning to raise. The Government has no pressing financial needs that cannot be met from current resources, including bailout loans.
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© Independent Newspapers Ireland Ltd.
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