The €3.5 billion increase in Ireland’s government bonds as a result of the Promissory Note transactions announced last Thursday can be seen here.
The change is in the March 2025 bond which now has €11.7 billion in issue rather than €8.3 billion on the last occasion we looked at the Daily Outstanding Bonds Report.
The total amount of bonds in issue has increased to €83.1 billion and when/if the Bank of Ireland component of the announced transactions is put into place, the covered banks will be holding around €16 billion (one-fifth) of these.
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