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Markets News

Ireland says aims to raise $32 bln debt in 2009

DUBLIN, Feb 25 (Reuters) - Ireland aims to issue 25 billion euros ($31.9 billion) in debt in 2009, more than the 23 billion forecast earlier this month, the National Treasury Management Agency said on Wednesday.

The NTMA said demand for its new 3-year bond had reached 5.2 billion euros, of which it satisfied 4 billion to keep yields low.

“The NTMA ... were very pleased to have secured at this very early stage in the year, through this bond issue and the 6 billion euro bond issued in January, 40 percent of the total expected funding requirement of 25 billion euro for 2009,” it said in a statement.

$1=.7847 Euro Reporting by Andras Gergely and Carmel Crimmins, Editing by Chizu Nomiyama

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