Irish May Pay Greek Price for T-Bill Market Return: Euro Credit

Ireland, which spent this year trying to prove to investors its finances weren’t like euro partners closer to the Mediterranean, may have to pay Greek and Portuguese rates next year to return to the credit market.

Finance Minister Michael Noonan laid out a road map on Dec. 14 for Ireland’s return to the bond markets in mid-2013, with the debt agency planning to sell Treasury bills, or securities with a maturity of less than a year, in the second half of 2012. Greece and Portugal both sold three-month debt with yields above