Bond future relies on meeting targets

Ireland is back in bond markets, but a sustained re-entry depends on meeting troika targets and wider eurozone events, says John Corrigan, NTMA chief executive.

But there is a renewed sense of optimism about the euro following the ECB announcement last Thursday that it would make unlimited purchases of short-term bonds of under-fire member states, he added. Moreover, whether Ireland can make a sustained re-entry to the bond markets also depends on whether the Government can secure a deal on the €64bn it is pumped into the banking system.

Over the course of 2011 and up until May 2012, the NTMA went on an investor roadshow that included 200 meetings in Ireland, the UK, Europe, Asia, and North America.