He's wanted in connection with the 1972 Enniskillen bombings

The High Court has granted bail to alleged IRA bomber John Downey.

The Donegal man is wanted in Northern Ireland in connection with the murders of two British soldiers in 1972.

The bombings claimed the lives of two British soldiers.

Downey was arrested at his home on Monday on foot of a European Arrest Warrant.

His bail was set at €30,000 today, the 66 year old will be free to go as soon as he finds a second suitable person to put forward half that amount on his behalf.

Gardaí objected claiming he's now a flight risk because of the gravity of the offences and the likely sentences if convicted.

But Mr. Downey’s barrister claimed he had no history of bench warrants and abided by all bail conditions when he was on trial in the Old Bailey in London for the alleged murders of four soldiers in the Hyde Park bombings in 1982.

That trial collapsed when it emerged Mr. Downey had been given a letter of immunity in 2007 – a letter that will again be used to fight his extradition.

Mr. Downey’s extradition hearing will take place later this month.