Politics.ie
Advertise on Politics.ie

Go Back   Politics.ie > Topical Discussion > Economy
Exchequer may be running out of willing creditors Exchequer may be running out of willing creditors
Home Forum Tags Blogs FAQ Members List Calendar Mark Forums Read

Exchequer may be running out of willing creditors

This is a discussion on Exchequer may be running out of willing creditors within the Economy forums, part of the Topical Discussion category on Politics.ie. Originally Posted by kerrynorth Take for example the €700million 4.5% 2018 bond. The NTMA got that away at an initial ...
Reply
Page 4 of 14 « First 23 4 56 Last »
 
LinkBack Thread Tools Display Modes
  #31 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: Jun 2004
Location: Dublin
Posts: 18,023
Unhappy
Quote:
Originally Posted by kerrynorth View Post
Take for example the €700million 4.5% 2018 bond. The NTMA got that away at an initial yield of 5.082%. That means that the government issued €700million of debt although they will be only actually receiving circa €625million in cash for that €700million in paper. The Exchequer will then pay those bondholders €31.5million every year (€700million x 4.5%) until 2018 when they will buy back the €700million in paper - provided the country does not go belly up in the interim.
OK KN thanks

So if this lasts 9 years then 9 x 31.5M = 283.5 M we give the Bondsmen over that time and at the end of it all give them another 700M on top to pay it back.

983.5 M paid out over the 9 years to borrow 700M now?
__________________
This day in Irish History:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


COUNTRY FIRST
Reply With Quote

Advertise on Politics.ie

  #32 (permalink)  
Old 21st April 2009
Banned
  
Join Date: Apr 2009
Posts: 687
Default
Quote:
Originally Posted by youngdan View Post
No. I don't follow Germany closely. My opinion would be based on the reasoning that lending cash to the US at 2.8% or Germany at whatever their 10 year rate is is the height of insanity. Government bonds everyplace are at a historical high and buying at these prices is crazy.

Take the Irish bond today. If Linehan went up to you and asked you to lend him a 1000 euros with the promise that he would give it back to you in 2018 and give you 50 bucks a year in the interim
you would tell him to screw. You know that the probabily of the government having the grand in 2018 are very slack with the way things are going.
but clowen states that 'the fundamentals are sound'

I was told that people were banned for posting this kind of stuff here last year. Now it seems to be a free for all

what happened?
Reply With Quote
  #33 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: Jul 2007
Location: massachusetts
Posts: 6,254
Default
Quote:
Originally Posted by Catalpa View Post
OK KN thanks

So if this lasts 9 years then 9 x 31.5M = 283.5 M we give the Bondsmen over that time and at the end of it all give them another 700M on top to pay it back.

983.5 M paid out over the 9 years to borrow 700M now?
That deals with the bond to 2018. This indepth clip explain the short term bill with a duration of days

__________________
Irish Liberty Forum
Reply With Quote
  #34 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: Jul 2007
Location: massachusetts
Posts: 6,254
Default
This video sums up the entire gameplan now

__________________
Irish Liberty Forum
Reply With Quote
  #35 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: Jan 2009
Location: Ireland
Posts: 3,377
Default
Quote:
Originally Posted by cavok View Post
Kerry, If you think thats bad take a scan through these docs...

http://epp.eurostat.ec.europa.eu/pls...2009-EN-AP.PDF

Welcome to Ireland FF Inc

The data for Jan 09 and Feb 09 are impressive... arent they?
What is "c"?
Reply With Quote
  #36 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: Oct 2005
Location: KERRY
Posts: 11,705
Default
Quote:
Originally Posted by Catalpa View Post

983.5 M paid out over the 9 years to borrow 700M now?
We are actually receiving only circa €625million in cash now for that €983.5million.
__________________
Seabhcan on EU Enlargement and the Lisbon Treaty: "There is no shortage of cheap labour - Turkey isn't needed."
Reply With Quote
  #37 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: Oct 2005
Location: KERRY
Posts: 11,705
Default
Quote:
Originally Posted by Wakeupcall View Post
What is "c"?
Confidential i.e. we are not telling because we reckon 'you cannot handle the truth'!
__________________
Seabhcan on EU Enlargement and the Lisbon Treaty: "There is no shortage of cheap labour - Turkey isn't needed."
Reply With Quote
  #38 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: May 2007
Location: Away
Posts: 963
Default
Quote:
Originally Posted by Wakeupcall View Post
What the hell is "c"?
Its CONFIDENTIAL. All of the figures for Ireland's industrial production in Jan/Feb '09 are CONFIDENTIAL.

What you don't know can't hurt you, or something like that.
Reply With Quote
  #39 (permalink)  
Old 21st April 2009
Banned
  
Join Date: Apr 2009
Posts: 687
Default
Quote:
Originally Posted by Wakeupcall View Post
What is "c"?
c is for CONFIDENTIAL

read the footnotes

DEP of FIN. is witholding DATA

WHY IS THIS NOT HEADLINES?

its an outrage
Reply With Quote
  #40 (permalink)  
Old 21st April 2009
Politics.ie Member
  
Join Date: Jan 2009
Location: Ireland
Posts: 3,377
Default
Quote:
Originally Posted by Outlander View Post
Its CONFIDENTIAL. All of the figures for Ireland's industrial production in Jan/Feb '09 are CONFIDENTIAL.

What you don't know can't hurt you, or something like that.
Thanks

FFS... The real meaning didnt even occur to me. No wonder...
Reply With Quote
Reply
Page 4 of 14 « First 23 4 56 Last »

« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Exchequer Returns for May : Deficit now 10b BodyofEvidence Economy 52 3rd June 2009 09:15 PM
April Exchequer returns kerrynorth Economy 13 5th May 2009 04:20 PM
July exchequer returns kerrynorth Economy 15 2nd August 2007 05:52 PM
May Exchequer Returns kerrynorth Economy 35 7th June 2007 01:38 AM
Exchequer surplus down €560m - Dept feenxp Current Affairs 0 3rd April 2007 07:23 PM


Advertise on Politics.ie

All times are GMT. The time now is 12:08 PM.

Home - Contact Us - Advertise - Privacy Statement - Top