Monday, 5 December 2011

The December Dirty Dozen

The Dirty Dozen w/e Dec 11th 2011
And so it begins. No, I'm not talking about the details of another austerity Budget as presented by our puppet government but as dictated by our troika masters, grim as that may be; I'm talking about another month of shame, the December Dirty Dozen, the 12 days pre-Christmas when another €770m is siphoned from us to be paid to bondholders whose failed bets we are being mandated to 'honour'.

Neither Noonan nor Howlin will mention the €43m being paid by Bank of Ireland today, the €24m by Anglo on Wed week, the five individual bonds totalling €52m by EBS on Fri week, all senior unsecured bonds, but all will be paid. Honour?
We suffer austerity, while these blood-sucking vampires, these dead-flesh-eating vultures, these bottom-feeders of the ignoble bond markets, are paid their failed bonds in full? The question now – will our media also continue to wilfully ignore this on-going obscenity?

Maturing On
Value
Collateral Type
BANK
 Bl'mberg I/D
Curr
Issue Date
5/12/2011
€43,275,094
Snr Unsec'rd
BoI
COEI1913025
JPY
5/12/2006
14/12/2011
€24,200,000
Snr Unsec'rd
Anglo
COEF7999842
EUR
14/12/2006
16/12/2011
€22,190,202
Snr Unsec'rd
EBS
COEF1663030
GBP
16/12/2005
16/12/2011
€2,305,476
Snr Unsec'rd
EBS
COEF2836106
GBP
15/06/2007
16/12/2011
€10,086,455
Snr Unsec'rd
EBS
COED3403687
GBP
27/11/2006
16/12/2011
€9,221,902
Snr Unsec'rd
EBS
COED5273575
GBP
14/07/2006
16/12/2011
€8,069,164
Snr Unsec'rd
EBS
COEF0527954
GBP
26/05/2006
20/12/2011
€20,000,000
Snr Unsec'rd
BoI
COEI4847097
EUR
20/12/2006
20/12/2011
€43,000,000
Covered
BoI
COEF6981007
EUR
18/08/2006
21/12/2011
€16,440,000
Snr Unsec'rd
IL&P
COEF7535133
EUR
7/12/2005
23/12/2011
€285,880,000
Govt. Liq. Gtd.
Anglo
COEF9533557
EUR
24/11/2010
23/12/2011
€285,880,000
Govt. Liq. Gtd.
Anglo
COEI4826141
EUR
24/11/2010
CODE:
Next bond
Coming down the line










BOND TOTALS
 - INTERESTING
FACTS




NEXT BOND(S):
€43,275,094





NEXT DOZEN:
€770,548,293





OCT. TOTAL:
€83,963,735





NOV. TOTAL:
€717,100,555





DEC. TOTAL:
€770,548,293






Regards, Diarmuid O'Flynn.

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