SENIOR UNSECURED BONDS PAID SINCE MAY 2011

It's been a while since I've posted anything on this blog but a few questions have come up lately, most notably on the amount our banks have paid out in senior unsecured bonds since this government came to power. 

The numbers on this blog are based on a bond list for all Irish banks but originates only in early May 2011, two months after Kenny & Co took over the reins of government.

These are the numbers for the various banks from that date to the end of 2014 - of course Anglo and Irish Nationwide have since been wound up but had this happened when it SHOULD have happened, back in 2010, then we'd have saved ourselves at least the amount shown here. The real savings of course would have been a hell of a lot more, the €31.9bn for which our children will be paying for decades, thanks to Michael Noonan's Promissory Note sellout - more on that here.

SENIOR UNSECURED BONDS SUMMARY - MAY 2011 to DEC 31st 2014

BOI	€4,441,400,689
AIB	€5,799,584,492
EBS	€388,243,209
INBS	€626,900,000
ANGLO	€2,743,105,552
IL&P	€317,743,055
TOTAL	€14,316,976,996

THE DIRTY DOZEN w/e Jan 19th 2014

First post of the new year on this blog so here's wishing all a happy and healthy year ahead.

No such wishes needed for the bondholders in Irish banks, they've already had their bounty and are still in receipt of same. You remember of course the pride and satisfaction with which it was announced in the last week or so that Bank of Ireland had issued senior unsecured bonds that were oversubscribed? Yet no-one paused to point out the obvious - in Irish banks, there is no such thing as a senior unsecured bond. All are paid, period.

And so it continues. Since this government came to office Irish banks have paid out over €40bn in bonds, nearly €14bn of that senior unsecured. Have a look at the next 12 and weep.

TDs WHO HAVEN'T YET COMMITTED TO NOV 27th MOTION

This is the complete list of those TDs who haven't yet committed to voting (one way or the other) on the Technical Group Motion to the Dáil seeking the full and final destruction of the Promissory Note sovereign bonds and all costs associated with them. That Motion will be put to the chamber and debated on the evenings of Nov 26th & 27th, the vote taking place at 9pm on the 27th.

The list will be updated promptly as we get notice of any change.

We are asking that you:

• Contact your local TD on this list (e-mail: firstname.lastname@oireachtas.ie) and ask them to vote in favour
• Join us at the Dáil from 6pm to 10pm on the evening of the 27th (Wed) to add your voice from outside to those in the chanber who will be arguing our cause.

 

PARTY	NAME	CONSTITUENCY
Fine Gael (69)	James Bannon	Longford–Westmeath
	Tom Barry	Cork East
	Pat Breen	Clare
	Richard Bruton	Dublin North–Central
	Ray Butler	Meath West
	Jerry Buttimer	Cork South–Central
	Catherine Byrne	Dublin South–Central
	Ciarán Cannon	Galway East
	Joe Carey	Clare
	Paudie Coffey	Waterford
	Áine Collins	Cork North–West
	Seán Conlan	Cavan–Monaghan
	Paul Connaughton, Jnr	Galway East
	Noel Coonan	Tipperary North
	Marcella Corcoran Kennedy	Laois–Offaly
	Simon Coveney	Cork South–Central
	Michael Creed	Cork North–West
	Jim Daly	Cork South–West
	John Deasy	Waterford
	Jimmy Deenihan	Kerry North–West Limerick
	Pat Deering	Carlow–Kilkenny
	Regina Doherty	Meath East
	Paschal Donohoe	Dublin Central
	Andrew Doyle	Wicklow
	Bernard Durkan	Kildare North
	Damien English	Meath West
	Alan Farrell	Dublin North
	Frank Feighan	Roscommon–South Leitrim
	Frances Fitzgerald	Dublin Mid–West
	Peter Fitzpatrick	Louth
	Charles Flanagan	Laois–Offaly
	Brendan Griffin	Kerry South
	Noel Harrington	Cork South–West
	Simon Harris	Wicklow
	Brian Hayes	Dublin South–West
	Tom Hayes	Tipperary South
	Martin Heydon	Kildare South
	Phil Hogan	Carlow–Kilkenny
	Heather Humphreys	Cavan–Monaghan
	Derek Keating	Dublin Mid–West
	Paul Kehoe	Wexford
	Enda Kenny	Mayo
	Seán Kyne	Galway West
	Anthony Lawlor	Kildare North
	Helen McEntee	Meath East
	Nicky McFadden	Longford–Westmeath
	Dinny McGinley	Donegal South–West
	Joe McHugh	Donegal North–East
	Tony McLoughlin	Sligo–North Leitrim
	Olivia Mitchell	Dublin South
	Mary Mitchell O'Connor	Dún Laoghaire
	Michelle Mulherin	Mayo
	Dara Murphy	Cork North–Central
	Eoghan Murphy	Dublin South–East
	Dan Neville	Limerick
	Michael Noonan	Limerick City
	Kieran O'Donnell	Limerick City
	Patrick O'Donovan	Limerick
	Fergus O'Dowd	Louth
	John O'Mahony	Mayo
	Joe O'Reilly	Cavan–Monaghan
	John Perry	Sligo–North Leitrim
	John Paul Phelan	Carlow–Kilkenny
	James Reilly	Dublin North
	Michael Ring	Mayo
	Alan Shatter	Dublin South
	David Stanton	Cork East
	Liam Twomey	Wexford
	Leo Varadkar	Dublin West
Labour Party (34)	Joan Burton	Dublin West
	Eric Byrne	Dublin South–Central
	Michael Conaghan	Dublin South–Central
	Ciara Conway	Waterford
	Joe Costello	Dublin Central
	Robert Dowds	Dublin Mid–West
	Anne Ferris	Wicklow
	Eamon Gilmore	Dún Laoghaire
	Dominic Hannigan	Meath East
	Brendan Howlin	Wexford
	Kevin Humphreys	Dublin South–East
	Alan Kelly	Tipperary North
	Seán Kenny	Dublin North–East
	Ciarán Lynch	Cork South–Central
	Kathleen Lynch	Cork North–Central
	John Lyons	Dublin North–West
	Eamonn Maloney	Dublin South–West
	Michael McCarthy	Cork South–West
	Michael McNamara	Clare
	Gerald Nash	Louth
	Derek Nolan	Galway West
	Aodhán Ó Ríordáin	Dublin North–Central
	Jan O'Sullivan	Limerick City
	Willie Penrose	Longford–Westmeath
	Ann Phelan	Carlow–Kilkenny
	Ruairi Quinn	Dublin South–East
	Pat Rabbitte	Dublin South–West
	Brendan Ryan	Dublin North
	Seán Sherlock	Cork East
	Arthur Spring	Kerry North–West Limerick
	Emmet Stagg	Kildare North
	Joanna Tuffy	Dublin Mid–West
	Jack Wall	Kildare South
	Alex White	Dublin South
Fianna Fáil (19)	John Browne	Wexford
	Dara Calleary	Mayo
	Niall Collins	Limerick
	Barry Cowen	Laois–Offaly
	Timmy Dooley	Clare
	Seán Fleming	Laois–Offaly
	Billy Kelleher	Cork North–Central
	Seamus Kirk	Louth
	Michael Kitt	Galway East
	Micheál Martin	Cork South–Central
	Charlie McConalogue	Donegal North–East
	Michael McGrath	Cork South–Central
	John McGuinness	Carlow–Kilkenny
	Michael Moynihan	Cork North–West
	Éamon Ó Cuív	Galway West
	Willie O'Dea	Limerick City
	Seán Ó Fearghaíl	Kildare South
	Brendan Smith	Cavan–Monaghan
	Robert Troy	Longford–Westmeath
Not in Tech Group:	Michael Lowry	Tipperary North
	Noel Grealish	Galway West
	Lucinda Creighton	Dublin South–East
	Terence Flanagan	Dublin North–East
	Denis Naughten	Roscommon–South Leitrim
	Billy Timmins	Wicklow
	Brian Walsh	Galway West
Ceann Comhairle	Seán Barrett	Dún Laoghaire