How much is owed to the bondholders?

Brendan Burgess

Brendan Burgess

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Figures released today by the Central Bank

|Senior Bonds Guaranteed|Senior Bonds Unguaranteed Secured |Senior Bonds Unguaranteed Unsecured |Subordinated Bonds
ILP |4,704 |2,999| 1,156 |1,203
|Senior Bonds Guaranteed|Senior Bonds Unguaranteed Secured |Senior Bonds Unguaranteed Unsecured |Subordinated Bonds
AIB| 6,063 |2,765 |5,872 |2,601
BOI| 6,178| 12,284 |5,164 |2,751
EBS |1,025 |1,991 |472 |65
Total |13,266 |17,040 |11,508| 5,417
|Senior Bonds Guaranteed|Senior Bonds Unguaranteed Secured |Senior Bonds Unguaranteed Unsecured |Subordinated Bonds
Anglo|2,963| 0 |3,147 |145
INBS |0| 0 |601 |175
Total |2,963 |0 |3,748| 320
Ownership of these bonds

other covered banks|15
Irish residents|16.5
Non-Irish residents and IFSC companies|30.5
Total|62
Source:Séamus Coffey
 
Now that we know how much is in play. The next question is who holds it. A subsequent piece to one linked above suggests that the banks themsevles hold about a quarter of each other's bonds.

Holders%20of%20Bonds_thumb%5B2%5D.jpg


This gives a total of €79 billion as opposed to the €63.4 billion in this week's release so I'm not sure it stacks up. There seems to be some issue with "self-held" bonds.
 
Hi Taxi Driver

Great link. Thanks

The correct figure of bonds owed to third parties is €63.4 billion. The self-held bonds have no significance. If AIB burns its self-held bonds, it's not burning anyone other than itself.
 
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