Ireland unlikely to rush into new 10-year bond - finance minister

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February 23, 2013 8:35 AM EST

Ireland is unlikely to issue a new 10-year bond planned for the first half of the year over the next two weeks, Finance Minister Michael Noonan said on Friday after returning from three days of meetings with investors in London.

Ireland's debt agency, which has begun to gradually return to capital markets and pave the way towards exiting an EU/IMF bailout, plans to launch the new benchmark issue ahead of the resumption of regular bond auctions later this year.

"I don't think they're looking at it over the next two weeks and I don't think they have their mind up on the timeline yet but they're disposed to move sometime in the first half of the year when conditions are right," Noonan told reporters.

(Reporting by Padraic Halpin; Editing by Stephen Powell)

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