Ireland kicked off its funding drive for 2020 by selling 4 billion euros of a new 15-year bond on Wednesday, a market source said, in a syndicated deal that covered around a third of the country's 2018 funding needs.

Ireland began selling the debt via a syndicated of banks earlier on Wednesday, the eighth year in a row it has raised a chunk of the cash needed for the coming 12 months in the first week of January.

Ireland's debt agency announced last month that it would borrow between 10 and 14 billion euros in 2020, down from the 15 billion euros raised last year that will cover some of its future requirements. (Reuters)

Source: www.businessworld.ie