Economy Investors snap up Irish bonds as Europe’s once crisis-torn periphery turns market darlingYields on Irish bonds have gotten closer to those of the larger European countries as investors are drawn to “peripheral debt”
Finance Aon Ireland chief Rachael Ingle appointed as NTMA chair Ingle has been a member of the state agency’s board since 2019 and previously chaired the Irish Association of Pension Funds
Economy CIÉ chair and William Fry partner appointed to NTMA boardAppointment of Fiona Ross and Myra Garrett brings the NTMA board up to eleven members
Companies Davy surges back with hiring spree despite €4.1m Central Bank fineMore than 100 staff recruited by stockbrokers, including at senior level, following €593 million takeover by Bank of Ireland
Economy Government set to approve new multibillion-euro public investment fundThe Irish state is planning to establish a “counter cyclical” investment fund that will invest in infrastructure and other capital projects during economic downturns
Economy Government debt could fall below €200bn by 2030, state borrowing body says Government debt fell by €11 billion to €225 billion in 2022
business Goodbody named as primary dealer for government bonds The NTMA said the recognition of Goodbody brings the number of primary dealers to 15
Economy Irish state’s cost of borrowing triples following interest rate surgeThe yields on offer to investors from the NTMA are the highest in almost a decade
National debt Interest rates on government debt to remain low despite ECB hikesNTMA says interest rates on state borrowing will remain close to record low of 1.5% for the rest of the year
Apple taxes in escrow account losing tens of millions a yearNTMA chief tells Oireachtas PAC that the €14.3 billion held in escrow had been designed by the company and the NTMA to potentially lose €70 million a year, given current negative interest rates
Interest rate on government borrowing to hit record low of 1.5% this yearNTMA says state will be charged less than €3.5 billion in interest repayments this year — a 50 per cent decline on the near €8 billion it paid in 2014
NTMA paid Davy €14.2m in seven years before Anglo Irish bond scandalThe agency later terminated the stockbroker’s authority to act as main dealer in government bonds after it was fined heavily for double-dealing
Vincent Boland: Go-faster Stripe could soon hit some bumps in the roadThe Collison brothers now control the most valuable private company in Silicon Valley, with Stripe estimated to be worth $95 billion. But every new slate of investors makes their lives a little more complicated
Davy executives betrayed all of corporate IrelandIreland’s reputation as a good place to do business is a delicate thing – and the 16 Davy executives – who didn’t even need the money – carelessly threw it away
Matt Cooper: The biggest questions about the Davy sagaThe disastrous unravelling of the nation’s most storied stockbroker has given rise to many questions about hubris, accountability and the future
Ian Guider: We have the money but where is the plan to get back to work?The state does not need to be concerned about the deficit for now but it does need to worry about businesses and jobs
