Irish National Treasury Management Agency Chief Executive Officer John Corrigan said the “mood music” surrounding the euro region debt crisis “will have to gt a litte more positive,” as the nation seeks a return to debt markets.
An Irish return to markets “well in advance” of a 11.8 billion-euro bond 2014 bond redemption is a critical issue, Corrigan told reporters in Dublin. He said a syndicated sale is the most likely method for long-term re-entry. “Markets are very fickle, so we shouldn’t be just conditioned by where markets are at the moment,” he said, adding Ireland has drawn interest from U.S. investors, who believe the country’s debt may be the best way to play the euro region.
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