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Monday 6 February 2023 Dublin: -1°C

# Burn the Bondholders

All time
# Burn the Bondholders
After five long years, Ballyhea will march to say “No” for final time today
Their campaign will continue, however.
# Burn the Bondholders
Anglo junior bondholders may still get pay-outs
Finance Minister Michael Noonan said it is unclear whether the €280 million worth of bondholders will pursue their claims but if they do, they may be legally entitled to a dividend.
# Burn the Bondholders
Olli Rehn: 'Bondholders partly to blame for Irish crisis... but your banks were reckless'
The former EU Economics Commissioner also said he would consider attending the Banking Inquiry.
# Burn the Bondholders
Gilmore: It was never an option to renege on promissory note deal
Burning the bondholders would be “akin to sovereign default” Eamon Gilmore told the Dáil this morning and said the issue of the promissory note has been “resolved”.
# Bondholders
Motion to 'burn the bondholders' defeated in Dáil vote
The motion was defeated by 77 votes to 40 in the Dáil this evening with Sinn Fein and Independents supporting it and Fine Gael and Labour in opposition.
# Bondholders
‘It’s odious debt’: Dáil to debate ‘burning the bondholders’ tonight and tomorrow
The government will almost certainly oppose the motion and ensure that it does not pass when a vote is held tomorrow night.
# Ballyhea
Ballyhea protestors in Brussels to meet MEPs from economics committee
The protestors – who have held weekly marches opposing the bailout – want help getting a meeting with the ECB.
# Bondholders
Noonan insists: No, the Troika DID demand that we repay the bank bondholders
After Stephen Donnelly reports the Troika shifted blame from themselves, Michael Noonan says: it’s Trichet’s fault.
# Ballyhea
Pictures: Ballyhea bondholder bailout protesters reach Dublin
The ‘Ballyhea says No!’ protest group reached the capital today, demonstrating against payments to bondholders.
# Bondholders
Noonan meets ECB head Draghi: Will he allow us burn the bondholders?
The Minister for Finance will travel to Frankfurt today, amid reports the ECB may let Spain impose losses on senior bondholders.
Voices
Column: Low rate of lending to Germany has put them in driving seat
The gap between those who can access the markets and those who can’t continues to wide, writes Nick Leeson…
# Bondholders
ULA to force Dáil vote on burning Anglo bondholders
A motion being debated this evening and tomorrow would see the State back out of repaying bonds and promissory notes.
# Greece
Greek debt talks with bondholders break down unexpectedly
The representative of Greece’s private creditors has left the country.
# Bondholders
Noonan assures German bankers: 'Ireland will not burn senior bondholders'
Michael Noonan tells an audience in Berlin that senior bondholders in banks, or in the Irish state itself, will be repaid in full.
# Bank of Ireland
Noonan scraps BoI bond-burning plan after bank reaches stress test target
Bank of Ireland raises €350m by buying back capital securities – meaning there is no need to write down its junior bonds.
# Bailout
IMF was in favour of Government burning senior bondholders
Ajai Chopra, Chief Negotiator with the IMF, reveals that his group would have backed such a move – but the European partners in the bailout would not.
# Burn the Bondholders
Noonan mulls burning Bank of Ireland's junior bondholders
Finance Minister Michael Noonan says he is considering writing down some subordinated liabilities by up to 100 per cent.
# Bondholders
Noonan: 'I never promised I'd burn senior bondholders'
Michael Noonan says he would like to share the burden of Anglo with its bondholders, but that the ECB wouldn’t support it.
# Walkout
Opposition TDs walk out of Dáil over lack of discussion on Anglo bondholders
Gerry Adams said the Government was refusing to properly debate the payment of over €700m to bondholders.
# Bank of Ireland
Bank of Ireland deal knocks €2bn off taxpayer’s bill
The savings mean the taxpayer will have to give the bank less cash to keep it afloat.
Voices
Column: Why going after the Financial Regulator is a waste of money
Former trader Nick Leeson says lessons never seem to be learned by regulators – but we should focus on some suggestions from the British Chancellor to ensure history doesn’t repeat itself.
# AIB
AIB saves taxpayer €1.6bn by burning junior bondholders
Preliminary results of AIB’s burden-sharing exercise, largely cleared by the courts last week, are positive for the public.
# Bank of Ireland
Bank of Ireland confirms plan to burn junior bondholders – and save us €2bn
The last bank outside State ownership wants to save as much as it can of the €2.6bn it owes in subordinated bonds.
# Doctor Doom
Doctor Doom: Ireland will go bankrupt if it doesn't burn the bondholders
Respected economist Nouriel Roubini says troubled European countries face insolvency unless they can make creditors share the burden.