Ireland’s National Treasury Management Agency is slated to make its return to the financial markets on Thursday, with an auction of three-month treasury bills.
The NTMA plans on raising €500m in what will be its first such auction since 2010.
Irish Treasury bills were last auctioned in September 2010, a short time before the State had to seek an EU-IMF bailout as borrowing costs had risen to unsustainable levels.
NTMA chief executive John Corrigan said it was “an important first step in our phased re-entry into capital markets”.
A full return to markets would mean borrowing larger amounts over longer periods, and is unlikely to happen until next year.
Greece and Portugal, other countries in receipt of bailout funds, have already borrowed money over three months.
