Ireland may need to raise up to €12 billion ($18.7 billion) through the sale of bonds and short-term debt between now and the end of 2009, Market News International has reported, citing a bank source it did not identify.
The sales may include a 15-year euro-denominated bond, Market News reported. The Dublin-based National Treasury Management Agency hasn't ruled out a dollar-bond sale, it added.
Oliver Whelan, director of funding and debt management at the agency, couldn't immediately be reached for comment when his office was contacted.
Bloomberg