ECB urges state to speed up its disposal of IBRC bonds

The Central Bank’s 2015 annual report shows that a nominal amount of €22.78 billion of the notes were outstanding

16th April, 2017

The European Central Bank has again urged Irish authorities to speed up the disposal of bonds linked to the former Irish Bank Resolution Corporation.

The ECB has consistently wanted the Central Bank to sell down its holdings of the IBRC notes it received as part of the liquidation of the IBRC in 2013.

At the time of the liquidation the Central Bank issued €25 billion of long-dated bonds, or floating rate notes (FRNs), in return to...

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