The Punt: Bondholders say thank you
THE bailout is finally over, but is it still too soon for Richie Boucher and John Corrigan to start putting on the Ritz -- or, sorry, the Grosvenor?
That's the big question after Bank of Ireland and the National Treasury Management Agency (NTMA) scooped prizes in this year's Reuters-IFR banking awards.
Winners are invited to a glitzy black tie do in London's Grosvenor House Hotel, where they can mingle with the great and, well, with the great of international high finance.
If Richie or John is thinking of heading over, they should be warned: award-holders are expected to put their hands in their pockets to support a worthy cause.
Last year, newsreader Natasha Kaplinsky encouraged the assembled moneybags to cough up just over £1m (€1.2m) in a matter of minutes for British charity Save the Children.
This year, the NTMA -- or, let's face it, the long-suffering Irish taxpayer -- gets the gong for best bond in 2013 by a sovereign, supranational and agency (SSA), beating off competition from presumably every other country that is able to issue bonds and, happily, our bailout bosses the ESM and the IMF.
Nice to finally get some recognition from the bondholder community -- after all we've done for them!