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THE NATIONAL TREASURY Management Agency has announced to the market that it will seek to issue a new 10-year bond maturing in March 2023.
The NTMA, the body which manages Ireland’s debts on the Government’s behalf, said the bond would be issued subject to market conditions “in the near future”.
In a statement, the NTMA has mandated Barclays, Danske Bank, Davy, Goldman Sachs International, HSBC and Nomura as joint lead managers for the transaction, details of which will be announced in due course.
The new bond will help restore market confidence in Ireland.
Last month, the NTMA formally issued new bonds to replace the promissory notes.
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Goldman Sachs you say ??????………… strange was it not them who advised the Government not to buy our old bonds at a discount and then had another branch of their organisation buy and profit immensely from same purchase ……………. insider dealing ???? and we still use them ! I thought Michael Noonan would be sueing them at this stage ! I have included the list of bondholders below 1.2. billion in this case !
http://www.youtube.com/watch?v=TWvYwthMe6E
True. Never understood myself why we would stand by watching others buy our bonds at a severe discount and then still pay them back the full price, perhaps double what they paid. If a farmer sold a bag of apples on the promise that he’d buy back those same apples a year later, I’m sure he’d buy them back bruised at half price at 6 months rather than bruised and rotten at full price at year end. He wouldn’t let a third party step in to take the profit.
unless of course he was a bondholder pretending to be a politician …………………
Over 200 comments on the Ming story and mine is now the second comment on this one. Pity we don’t take more interest in the issues that will actually determine our economic recovery.
The successful sale of 10 year bonds will be another massive step towards Ireland regaining its economic sovereignty. Let’s hope it all goes well!
David i reminded you earlier i will do so again,the Fiscal Treaty that your party scared the electorate into voting for means we will never have our economic sovereignty back again.
What happens when the E.U. breaks up david ?
So did I!! He doesn’t listen, does he?
David – the old political tactic of hammering the message government wants the people to hear died with Brian Cowen ; hence your excellent collection of red thumbs!
Secondly, if it is to work then it won’t work on social media because those of us who use social media have the ability to form our own opinion
Thirdly, sending out the government spin on this forum links you, in the subconcious, to Fidelma Healy rae so all you are doing is “fraping ” yourself ….
well done by the way I admire your consistency and the wide eyed and childish interpretation of life that your picture suggests…. keep it up , you are doing more harm to the current government than the bondholders ever did !
Do you mean the EU or the Euro? Demographically, economically, and historically we have more in common with a youthful Britain, than with the growing old wealthy misers of Germany. Let Germany and it’s 4th Reich keep the Euro and fade away into stagnant old age.
Click thumbs up or down if u were looking for story on green Spider-Man
Green spiderman with some serious “moobs”.:-)
I really dislike that bird with the fat arse crawling up the building. What was the thinking behind this ‘work of art’?
A bird with a fat arse is better than two with a flat arse.
Merrrrrrrrrr
Forgive my obliviousness to this topic in the past. I do wish to change my ways on this.
Anyone care to explain what a bond is? I thought it was just a certificate with a set value… How will a bond help our economy?
have your say