independent

Friday 18 April 2014

Bank of Ireland bonds trade higher as investors push demand

THE €1bn of Bank of Ireland bonds sold yesterday has traded higher in the markets, a sign of even stronger investor demand.

The bonds sold by the Government yesterday at a small profit of 101pc of face value traded as much as 104pc of face value today, the first day they were available in the so called secondary debt market.

The higher price suggests some of the same buyers could be interest in buying similar government held bonds backed by AIB and Permament TSB.

Michael Noonan said yesterday that he intends to sell the €6.9bn of the state’s remaining bank bonds over time.

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