Thursday February 20, 2020

ESB pension major buyer of state bonds

The ESB pension fund is believed to have been the biggest purchaser of new sovereign annuities, following the release of €1 billion of special amortising government bonds last week.

25th August, 2012

The ESB pension fund is believed to have been by far the biggest purchaser of the new sovereign annuities, following the release of €1 billion of special amortising government bonds last week.

The new annuities help defined benefit pension funds - such as the ESB - to close big deficits, because they cost less to fund pension retirements than traditional annuities.

The new bonds are sold by the National Treasury Management Agency (NTMA) to insurance...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago