Target of ‘full market re-entry in 2013’

FINANCE Minister Michael Noonan said he is targeting “full re-entry” to the bond market by mid-2013, as the country seeks to wean itself off an international bailout.

The country’s treasury agency plans to step up issuance of short-term debt in the second half of 2012, and follow this up with “some longer-term issuance” later in the year, markets conditions allowing, Mr Noonan said in a speech at Bloomberg’s London offices yesterday.

Ireland is pressing on with its deficit-reduction plans as European leaders try to resolve the eurozone debt crisis that’s put the top credit ratings of Germany and France at risk.