Thursday October 29, 2020

Government said to favour bonds over ESM to refinance Anglo

The government now favours using government bonds to refinance the rescue of the former Anglo Irish Bank, easing funding pressure on the state over the next decade, said a report.

17th September, 2012
Ireland’s government is due to pay IBRC, which replaced Anglo Irish Bank about €3 billion a year for at least the next decade to pay off the debt.

The Irish government now favours using government bonds to refinance the rescue of the former Anglo Irish Bank, easing funding pressure on the state over the next decade, according to two people familiar with the matter.

Under a plan being weighed by officials, the government would inject as much as €40 billion of notes of as long as 40 years in duration into the bank, said one of the people, who ask not to be...

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