|Shares Out. (in M):||100||P/E||n/a||n/a|
|Market Cap (in M):||1,000||P/FCF||n/a||n/a|
|Net Debt (in M):||0||EBIT||0||0|
|Subject||Greece Bailout 2.0 is in the works.|
|Entry||06/06/2011 12:06 PM|
|Subject||Looks like I am wrong|
|Entry||06/15/2011 12:17 PM|
Irish finance minister asking for haircut at Angiri.
We'll see what happens.
|Subject||Deputy prime minister now says that|
|Entry||06/21/2011 02:39 PM|
Ireland must honor its deal w/ banks.
No one said it was going to be smooth.
You can now buy the bonds for 79....
|Subject||Less than 70 days to go to maturity.|
|Entry||08/31/2011 11:20 AM|
|Subject||Bonds at 91 pretty sure everyone was too afraid to|
|Entry||09/07/2011 09:34 AM|
|Subject||Bonds are going to par. Thanks for playing|
|Entry||09/18/2011 12:57 AM|
UMMMMMM yeah..... PAR dum di dum dum duh....
Finance Minister Michael Noonan said the Irish government may reconsider its push for senior bondholders of Anglo Irish Bank Corp. to absorb losses.
Noonan said Ireland now was likely to pursue other angles rather than continue to press for bondholder losses, noting that European authorities are "dead set against" a coercive approach. The cost savings might not justify the potential hit to Ireland's standing with markets, he told reporters today after talks with European Central Bank President Jean-Claude Trichet during a meeting of European Union finance ministers in Wroclaw, Poland.
"The amount of money outstanding in unguaranteed senior bonds in Anglo is just over three billion" euros, Noonan said. "If you did some kind of voluntary burden sharing you might gain 100 million" and "one wouldn't risk reputation for that."
Anglo Irish, the recipient of a 29.3 billion-euro ($40 billion) bailout, had its credit rating cut in June by Standard & Poor's to CCC, four levels above default, after Noonan said senior bondholders may face losses. The ECB has consistently opposed this possibility.
Trichet said Ireland should learn from the aftermath of a European push for investors to share in the cost of a second rescue package for Greece, Noonan said.
"Private-sector involvement in Greece had a very quick knock-on effect into Italy and Spain, and private-sector involvement didn't seem to be the way forward if you were trying to encourage the markets," Noonan quoted Trichet as saying.
"He said Ireland had done particularly well over the summer" and that bond spreads had narrowed, Noonan said. "He felt that anything to do with burden sharing might knock the confidence of the market and the spreads might go back out again and we might lose the ground we had gained."
Irish officials will now reflect on Trichet's advice, echoed by European Union Economic and Monetary Affairs Commissioner Olli Rehn, as they consider how to proceed, Noonan said. Trichet didn't weigh in on a proposal to refinance the bank's promissory notes, he said.
Future payments on Anglo Irish bonds won't be an additional drain on government coffers, Noonan said. The provisions the government already has made include bondholder payments.
"There's no new penalty on the Irish taxpayer," Noonan said. "If we didn't have to pay, there'd be an advantage to the taxpayer down the line, but I think we can get a much bigger advantage if we pursue another piece of negotiations around an alternative piece of financial engineering to the promissory note arrangement."
The possible changes to the promissory notes haven't yet been discussed with credit-rating companies, he said.
Noonan said Ireland may save more money than expected from interest-rate cuts on its government aid packages, based on preliminary EU estimates of its loans from the European Financial Stability Mechanism.
EU officials indicated that "the actual reduction will be 3.75 percent, which is very serious money," Noonan said.
|Subject||You can still make 5 pts w/ no risk|
|Entry||09/19/2011 11:40 AM|
|Subject||And for the next 6 points|
|Entry||10/14/2011 02:06 PM|
Please roll into the Jan 25 2012 Euro Maturity.
|Subject||Par on Wed KIDS|
|Entry||10/26/2011 12:33 PM|
Anglo Irish Bank (10/26/2011) Central Bank loans will be used to repay bondholders
IRISH BANK Resolution Corporation (IBRC), formerly known as Anglo Irish Bank, will repay the $1 billion (€718 million) due to senior unguaranteed bondholders next week using emergency loans from the Central Bank, the proceeds of the sale of its US loans and loans maturing at the bank.The bank no longer holds customer deposits to fund the repayment so will have to rely on further drawings under the Central Bank’s exceptional liquidity assistance (ELA) facility to repay the debt.
IBRC will also source the $1 billion payment from the initial proceeds of the sale of the $10 billion US loan book as they are being received and maturing loans.
|Subject||Money for maturity is at Euroclear|
|Entry||11/02/2011 12:35 PM|
|Subject||Money in client accounts|
|Entry||11/04/2011 02:22 PM|
|Subject||Gonna pay the upcoming maturity at PAR|
|Entry||01/06/2012 03:56 PM|
Ireland strikes again
|Subject||2nd Payment on Wednesday|
|Entry||01/23/2012 12:59 PM|
For those of you still fighting the free money ..... The second maturity of Angiri is coming up in 3 days...
|Subject||It it funny how the rating of the idea went up|
|Entry||01/23/2012 01:01 PM|
as the price of the security went up yet the risk reward by definition went down.... Things that make you go huuuuuummmmmmmm?