NTMA boss: State could re-enter the bond market before the year end

THE NTMA says it could re-enter the bond market they were forced to abandon after the lenders lost confidence in the economy.

Chief executive of the National Treasury Management Agency John Corrigan said it was possible that the state could re-enter the bond market before the year end but on balance said a return to normal borrowing was more probable in 2012.

Such a move would be “welcomed” by the IMF, which would regard the move as an endorsement of the €85bn rescue plan.