What is your, or do you have some, plan for the initial hole?
A 10mm diameter twist drill followed by a 12mm centre cutting mill might be a good place to start as then you can buy a boring bar that fits into a 12mm diameter hole and the bar itself only needs to worry about an extra 3mm of flat bottom. That bar might have a 10mm shank.
If the finished hole is 15mm diameter and the flat bottom is to be cut purely by the boring bar, the maximum bar diameter would be 7.5mm, which is quite small.
It might be good to start/practice with the same diameter but a flat bottom at 3mm deep so you can see what you are doing.
What is the corner detail at the base of the hole? With an insert bar, there will be a corner radius. If a square corner is needed, a slight undercut may be required.