Ireland has mandated Citi, Danske Bank, Davy, JP Morgan, Morgan Stanley and Nomura to run the books for a 10 year Reg S benchmark.
The borrower printed two benchmarks last year, raising €4bn with a five year note in October and another €4bn with a 20 year deal in January.
Initial price thoughts and an expected size were not available at the time of writing.
Ireland typically issues a benchmark in early January, having done so every year since its return to capital markets in January 2014.
The German state of Lower Saxony also plans to kick off its new funding year on Wednesday. The borrower announced a €500m eight year bond on Tuesday.
DekaBank, HSBC, HSH Nordbank, Natixis and NordLB will run the books for the transaction.
Lower Saxony raised about €7.4bn in 2017 with 16 deals, according to Dealogic. The borrower typically gets off to a fast start — it opened 2017 with a deal on January 3, printing €750m of five year paper. In 2016, its first benchmark (a €500m seven year) arrived on January 12. In fact, the borrower has issued at least €500m within the first two weeks of the year every year since 2008, according to Dealogic.
