Honohan 'to ask for delay on promissory note payment'

Central Bank Governor Patrick Honohan will 'probably' ask for permission tomorrow to effectively delay the payment of €3.1bn of Ireland's bank debt, it has been reported.

The Government is due to make the payment at the end of the month on the promissory note to the former Anglo Irish Bank, which is supposed to use the funds to reduce its borrowings from the Central Bank.