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The National Treasury Management Agency said it would increase the size of its existing 2017 bond through a “syndicated tap” of the security. Dublin is expected to try to raise about €10 billion this year as it attempts to extricate itself from a eurozone support programme by the end of 2013 and pre-fund money needed for next year’s budget deficit.
Ireland’s return to economic growth and a commitment to get its budget deficit under control since a debilitating banking crisis precipitated a November 2010 bailout has won it praise from fund managers and officials. Dublin is also on track to meet the 2012 budget deficit target of 8.6 per cent of gross domestic product after stronger than expected tax receipts
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