Ireland was due to raise 1.5 billion euros (USD1.96 billion) on Tuesday (Sept. 21) in an auction of four- and eight-year bonds, which was seen as a test of investor confidence in the crisis-hit nation. The auction comes as the European country contends with claims that it could have difficulty mobilizing funds and may have to seek financial support from the International Monetary Fund or the European Union, Agence France-Presse reports.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.