Bond Market Highlights: Ireland Receives 85 Billion-Euro Rescue Package
Ireland received an 85 billion euro bailout from the EU/IMF. A significant portion of the facility will be used to bolster the debt-crippled banking sector which was most seriously affected by the global crisis. Ireland became the second euro zone country after Greece to apply for a financial aid package from the European Union.
The current yields-to-maturity (YTMs) are as follows: Ireland'12 – 4.50% (EUR), Ireland'14 – 7.45% (EUR), Ireland'16 – 7.70% (EUR), Ireland'19 – 8.30% (EUR), Ireland'25 – 8.50% (EUR).
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