‘Negative impact’ of Government bonds

Dublin: Irish Life & Permanent said its purchase of deposits and Government-guaranteed bonds from Irish Nationwide Building Society last month may have a “marginally negative” impact on earnings and capital.

‘Negative impact’ of Government bonds
Wed, 16 Mar, 2011 - 00:00

The company said it bought €2.9 billion of so-called NAMA bonds and €700 million of Government and Government-guaranteed securities from Nationwide.

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CourtsOrganisation: Irish Life & PermanentOrganisation: GovernmentOrganisation: Irish Nationwide Building SocietyOrganisation: Nationwide
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