July 14, 2011 / 12:09 PM / 8 years ago

Ireland faces big debt hurdle in Jan 2014

DUBLIN (Reuters) - Ireland faces a big hurdle in early 2014 when it has to redeem a large bond but the government is determined to test the debt markets in 2012, Irish Finance Minister Michael Noonan said on Thursday.

“The big hurdle for us is a very big repayment date on Irish debt in January of 2014,” Noonan told a news conference after confirming that the EU, the IMF and the ECB had endorsed Ireland’s implementation of its bailout goals.

“What’s in the program was not that we would be fully funded from the market in 2012. The NTMA (debt management agency) will be testing the market in 2012.”

Reporting by Conor Humphries and Lorraine Turner

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