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A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.
Customers can check the Premium Bonds prize checker on the NS&I website or download the app to see if they have ... Northern Ireland. £15,000. May-16. £25,000. 471EE729927. Edinburgh. £1,000 ...
The prize fund is paid for out of the equivalent interest payable on the entire bond pool for that month. As of 2020 the prize fund rate is 4.65% [5] implying that a bond holder can expect to achieve a mean long term return of 4.65% per annum. In reality, the nature of a lottery bond means that median returns are lower and are increasing in the ...
The bonds are entered in a monthly prize draw and the government promises to buy them back, on request, for their original price. The government pays interest into the bond fund (4.15% per annum in December 2024 but decreasing to 4% in January 2025) [ 1 ] from which a monthly lottery distributes tax-free prizes to bondholders whose numbers are ...
McCarthy, now acting as Fexco chairman, is also chairman of the Irish Prisons Board. [10] Former Tánaiste Dick Spring was appointed as an executive vice-chairman of Fexco in 2002. [11] As of 2009, services offered by Fexco included prize bonds, dynamic currency conversion and related customer services. [12]
Ireland's debt agency has invested disputed taxes collected from Apple <AAPL.O> in low risk, highly rated euro-dominated fixed income securities, mainly short to medium-term sovereign and quasi ...
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To raise funds during Ireland's post-2008 economic downturn, the Irish government sold the National Lottery licence for 20 years to a private operator, Premier Lotteries Ireland DAC (PLI), which was initially majority-owned by the Ontario Teachers' Pension Plan, with a minority stake held by An Post and An Post Pension Funds. PLI began ...