• It has come to our attention that some users may have been "banned" when they tried to change their passwords after the site was hacked due to a glitch in the old vBulletin software. This would have occurred around the end of February and does not apply after the site was converted to Xenforo. If you believe you were affected by this, please contact a staff member or use the Contact us link at the bottom of any forum page.

NTMA announce 10 year bond issuance. Full return to the markets?


corelli

Well-known member
Joined
Jun 13, 2007
Messages
4,478

gerhard dengler

Well-known member
Joined
Feb 3, 2011
Messages
47,554
The NTMA have just announced a new 10 year bond, maturing in 2023. This has been awaited for some time by market watchers as a sign of proper return to the money markets. A few have just taken to twitter to so assert. The NTMA say the issuance will take place "in the near future", which in NTMA speak, probably indicates tomorrow or the day after.

NTMA Announces Syndicated Issue of new 2023 Bond | National Treasury Management Agency (NTMA)
The 5 year bond trial runs are at an end.

This will be the first substantial test as to Ireland's credit rating. It will be interesting to see the spread for these.
 

Hewson

Well-known member
Joined
Apr 29, 2009
Messages
8,338
The NTMA have just announced a new 10 year bond, maturing in 2023. This has been awaited for some time by market watchers as a sign of proper return to the money markets. A few have just taken to twitter to so assert. The NTMA say the issuance will take place "in the near future", which in NTMA speak, probably indicates tomorrow or the day after.

NTMA Announces Syndicated Issue of new 2023 Bond | National Treasury Management Agency (NTMA)
Being a natural born pessimist I'd have to admit that there's an air of 'normality' in the wind. Have you seen the BOI share graph this last week?

I'm sure we'll all be dead be Thursday though . . .
 

Kev408

Well-known member
Joined
Feb 26, 2006
Messages
5,124
Being a natural born pessimist I'd have to admit that there's an air of 'normality' in the wind. Have you seen the BOI share graph this last week?

I'm sure we'll all be dead be Thursday though . . .
And AIB over the last couple of days. PTSB up over 20% today!
 

Hewson

Well-known member
Joined
Apr 29, 2009
Messages
8,338

Hewson

Well-known member
Joined
Apr 29, 2009
Messages
8,338
I looked and looked and looked for days two weeks ago. Chose not to. Big booboo.
Likewise. No regrets though. Put the cash into a four-bagger.
 

Kev408

Well-known member
Joined
Feb 26, 2006
Messages
5,124
Likewise. No regrets though. Put the cash into a four-bagger.
Yeh. I have the three banks at close enough to rock bottom. 'Nuff said!
 

Taxi Driver

Well-known member
Joined
Jan 8, 2011
Messages
4,296
NTMA announce 10 year bond issuance. Full return to the markets?
This is bad, right? Just more debt heaped on the shoulders of our children. Borrowing to pay the gambling debts of corrupt bankers. Making sure that politicians and civil servants keep their fat cat pensions. That's must what this about. Everything else is.
 

Kev408

Well-known member
Joined
Feb 26, 2006
Messages
5,124
This is bad, right? Just more debt heaped on the shoulders of our children. Borrowing to pay the gambling debts of corrupt bankers. Making sure that politicians and civil servants keep their fat cat pensions. That's must what this about. Everything else is.
Is this not what every country does?
 

Dublin 4

Well-known member
Joined
Feb 6, 2011
Messages
12,993
This is bad, right? Just more debt heaped on the shoulders of our children. Borrowing to pay the gambling debts of corrupt bankers. Making sure that politicians and civil servants keep their fat cat pensions. That's must what this about. Everything else is.
That's it - outta the woods
 

sport02

Well-known member
Joined
Sep 25, 2010
Messages
19,656
DUBLIN--"The Irish government's debt office Tuesday announced a plan to sell a significant amount of debt in a new long-term "benchmark" government bond for the first time since Ireland was forced into its 2010 ignominious bailout, representing a statement of intent by the troubled euro-zone country to finance itself entirely in the international capital markets from 2014.

The National Treasury Management Agency said it will launch "in the near future" a syndicated bond offering through a group of investment banks: Barclays, Danske Bank, Davy, Goldman Sachs International, HSBC and Nomura. It said the bonds will mature in 2023."


Ireland Aims to Sell Benchmark Bond, Eyes Bailout Exit - WSJ.com
 

ShoutingIsLeadership

Well-known member
Joined
Jan 17, 2011
Messages
50,459
This is bad, right? Just more debt heaped on the shoulders of our children.
Borrowing to pay the gambling debts
of corrupt bankers. Making sure that politicians and civil servants keep their fat cat pensions. That's must what this about. Everything else is.
Don't be an ar$e, TD.

Do you know the interest rate? Do you know the demand? Do you know the volume? Do you know who is buying them?
 

SPN

Well-known member
Joined
Feb 2, 2004
Messages
16,890
This is bad, right? Just more debt heaped on the shoulders of our children. Borrowing to pay the gambling debts of corrupt bankers. Making sure that politicians and civil servants keep their fat cat pensions. That's must what this about. Everything else is.
It is bad for exactly the reasons you outline, but it will also be good in the sense that the current fetish with sovereign bonds will not last much longer, so the more we can get in the bank now, the more we'll have in the bank when sovereign bonds go out of fashion later in the year. With a bit of luck we could get the rest of the 2014 overspend funded and maybe some of the 2015 rollover.
 
Top