DUBLIN, May 30 (Reuters) - Ireland is aiming to test the appetite of international investors for Irish debt in the final quarter of 2012, Finance Minister Michael Noonan said on Monday.
“It’s the plan of the government to get back in the market at the end of 2012 but it was never the plan to be fully back in the markets,” Noonan told state broadcaster RTE.
“We won’t be fully back in the markets but we hope that the NTMA (Ireland’s debt management agency) will be able to raise some private funds in the market in the last quarter of next year.”
On Sunday, a cabinet colleague was quoted as saying that Ireland may need an extension of its existing EU-IMF bailout or a second rescue programme as it was unlikely Dublin would be able to return to the debt markets next year given sky-high bond yields. [ID:nLDE74S0A2]
Reporting by Padraic Halpin and Conor Humphries