NAMA redeems €2.5bn in bonds
National Asset Management Agency recently reported profits of €211m.
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National Asset Management Agency recently reported profits of €211m.
The repayment is part of over €17 billion that will be paid to bondholders by Irish banks in 2013.
The NTMA successfully raises €500 million at a cost far lower than two months ago.
The green light for the ESM from the German constitutional court has driven down the yield on Irish government bonds.
The treasury agency will auction €500 million of three-month bills on Thursday.
But that’s not what her Central Bank thinks…
The European Central Bank’s new bond-purchasing programme will see the bank lend to countries coming out of bailout programmes.
The NTMA is set to try and raise money for the first time since Ireland was bailed out, with a €500m debt auction.
Ireland’s ongoing struggle is to get back to the markets – but what ARE the bond markets? Here’s our grind.
Spain issued some 3-month and 6-month bills this morning – but saw its rates rocket following its bailout request.
Spain sold off €3 billion in 12-month bills, but paid the price as investors continued to demand a high premium for their money.
The costs had fallen after Greece’s election, but are back up this morning as the fear of contagion remains…
If you were lending cash to the Spanish government for 10 years, you’d get an annual interest rate of 6.76 per cent.
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Anyone who bought Irish bonds second-hand 12 months ago must be feeling pretty smug by now…
Fianna Fáil’s Michael McGrath had asked the finance minister to consider a bond specifically linked to exchequer returns.
The Norwegian sovereign wealth fund fears that Ireland and Portugal bonds are not ‘predictable’ and could default.
Investors declined the opportunity to buy short-term Italian bills this morning, seeing interest rates double from last month.
The National Treasury Management Agency will sell annuity bonds, possibly up to 35 years in maturity, later this year.
The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.
Spain sees the interest rate for 12-month bonds fall significantly, while Belgium has mixed results in an auction of its own.
After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.
A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.
The NTMA’s John Corrigan reveals that Ireland will stage a “phased re-entry” with the sale of short-term bonds this year.
The financially troubled country received a favourable response to its latest bond auction.
The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.
Some of Europe’s largest economies will find it tougher and tougher to survive without a crippling bailout…
Jose Manuel Barroso’s spokesman says the Commission can’t understand why Moody’s is taking such a dim view.
If Ireland borrowed for two years, it would have to pay 18.6 per cent interest – 14 times what Germany would.
The costs of borrowing for both Ireland and Portugal take a battering in the aftermath of the latter’s prime minister quitting.
The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.
The price of government borrowing was higher yesterday than it was when we accepted the €67.5bn bailout in November.
Portugal issues €1bn in twelve-month bills, while buying back some of its older debt – but the results aren’t ideal.
The ratings agency says it’s considering a downgrade for Spain – but the news doesn’t make a major impact on bond markets.
Is the Eurozone debt crisis dying? Spain’s bond yields might be up, but the Euro is picking up speed afterward.
The Euro stays flat, but Ireland’s bailout hasn’t stopped worries over Spain and Portugal’s ability to repay their debts.
Fears over the future of Ireland’s economy, and whether a bailout can be secured, sends borrowing costs to new highs.
Shares in AIB, Bank of Ireland and Irish Life & Permanent all continue to dive, as the cost of government borrowing shoots up.
The markets are officially over the Irish bailout: bank shares are diving, while bond yields are still on the up.