Exchequer may be running out of willing creditors

[Catalpa]

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?

[cavok]

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?

[youngdan]

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

[ame="http://www.youtube.com/watch?v=NJ6xBaZ92uA"]YouTube - hamburger[/ame]

[youngdan]

This video sums up the entire gameplan now

[ame=http://www.youtube.com/watch?v=34uRrkZsxI4]YouTube - Chinese one-legged long jumper[/ame]

[Wakeupcall]

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"?

[kerrynorth]

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.

[kerrynorth]

What is "c"?

Confidential i.e. we are not telling because we reckon 'you cannot handle the truth'!

[Outlander]

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.

[cavok]

What is "c"?

c is for CONFIDENTIAL

read the footnotes

DEP of FIN. is witholding DATA

WHY IS THIS NOT HEADLINES?

its an outrage

[Wakeupcall]

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...