The National Treasury Management Agency has announced its intention to go to the market to raise money in a ten year bond maturing on October 18, 2032.
The NTMA statement said the transaction "is expected to be launched and priced in the near future subject to market conditions."
Market sources expect the bond to be raised as early as tomorrow.
The sources also expect upwards of €3 billion will be raised.
The NTMA indicated last month that it expected to raise between €10-14 billion over the course of 2022.