Irish debt agency to raise 14-18 billion euros in 2018

DUBLIN: Ireland intends to issue between 14 billion and 18 billion euros of government bonds next year, including at least one syndicated deal as it continues to take advantage of favourable interest rates, the country's debt agency said on Wednesday.

"Having borrowed over 17 billion euros in 2017, the 2018 funding plan seeks to continue our strategy of prefunding to take advantage of the favourable interest rate environment and provide greater certainty on our debt service costs," Head of Funding Frank O'Connor said in a statement.