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Thread: Ireland Sells 1.5bn of Bonds

  1. #1
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    Default Ireland Sells 1.5bn of Bonds

    1 bn of 8 year bonds - average yield 6.02%, up from 5.09%

    500m of 4 year bonds - average yield 4.77%, up from 3.1%

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    Politics.ie Member HarshBuzz's Avatar
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    those yields are atrocious

    3 billion is now completely out of date, 5 must be the new minimum

  3. #3

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    John the prior on the 4yr was 3.627%

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    shorter money is cheaper? what's the coupon on these loans?

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    Politics.ie Member droghedasouth's Avatar
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    Another triumph for our autodidact genius of a Finance Minister.
    There are times when you are simply required to be impolite. There are times when condescension is called for!
    - Aaron Sorkin writing as President Bartlet to Obama, NYT 21/09/2008

    You can't build a smart economy based on dumb decisions.
    - Richard Bruton 18/12/2008

  6. #6

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    Coupon is irrelevant in a way.

    The price allocated for the 2018 was 90.485. That means that we issued €1bn in bonds, but only actually received €904.8m for them.

    The yield takes into account the coupon + the effective discount to illustrate the average interest rate being paid.

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    A Disaster for Ireland and all the people who plan on staying here.

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    Quote Originally Posted by johnfás View Post
    1 bn of 8 year bonds - average yield 6.02%, up from 5.09%

    500m of 4 year bonds - average yield 4.77%, up from 3.627%
    corrected 2014 previous yield figure (was understated)

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    Why are we paying over 6% when the ECB/IMF money is available at 5%?

    Why are we borrowing at over 6 only to turn around some of that money by way of our share of the EU-organised loans to Greece at 5?
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Politics.ie Member Disillusioned democrat's Avatar
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    Quote Originally Posted by He3 View Post
    Why are we paying over 6% when the ECB/IMF money is available at 5%?

    Why are we borrowing at over 6 only to turn around some of that money by way of our share of the EU-organised loans to Greece at 5?
    Two reasons - Brian and Brian.

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