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irish nationwide fixed rate bond

  • 30-11-2010 12:38pm
    #1
    swirley
    Registered Users, Registered Users 2 Posts: 21 ✭


    Hi,
    I have some money in an Irish Nationwide Fixed Rate bond that I put in in September. Just hearing things on the news about bondholders taking a hit... would this is apply to my bond? If so, what kind of losses?
    Should i try to get my money out?

    appreciate your advice


Comments

  • #2
    Ogham
    Registered Users, Registered Users 2 Posts: 1,844 ✭✭✭Ogham


    Don't worry - your type of bond is not the bonds that are being mentioned in the media. The "bondholders" they are talking about are massive investemnt banks / companies that lend money to banks.


  • #3
    Kennie1
    Registered Users, Registered Users 2 Posts: 302 ✭✭Kennie1


    As per above post you have nothing to worry about, even your money was invested in a Government bond this would not be hit with a haircut as Angela Merkel's comments pertained to Government bonds issued from 2013 onwards so in reality the bonds that will be issued before 2013 will be more secure than the ones after this date. What she proposed was that these bond holders would take a 20% haircut if a country was bailed out.


  • #4
    Thomas_S_Hunterson
    Closed Accounts Posts: 6,151 ✭✭✭Thomas_S_Hunterson


    Ogham wrote: »
    The "bondholders" they are talking about are massive investemnt banks / companies that lend money to banks.

    Pension funds actually have a huge chunk of these bonds.


  • #5
    kaiser sauze
    Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    Sean_K wrote: »
    Pension funds actually have a huge chunk of these bonds.


    The OP is not investing in a pension.


  • #6
    Thomas_S_Hunterson
    Closed Accounts Posts: 6,151 ✭✭✭Thomas_S_Hunterson


    kaiser sauze wrote: »
    The OP is not investing in a pension.

    My post was in relation to the bondholders Ogham was talking about, not about the OP


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  • #7
    swirley
    Registered Users, Registered Users 2 Posts: 21 ✭swirley


    Thanks for the replies, can stop worrying now I guess :D


  • #8
    barney4001
    Registered Users, Registered Users 2 Posts: 1,447 ✭✭✭barney4001


    i hope you are right,i have3 had a fixed rate there for around 20 years,there was talk we would have got 10/15,000 windfall each had INW demutualised but it never happened,i think we can thank Fingers for that he still has the 1,000,000 he said he would pay back,it may be for years but it may be forever


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