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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.
The bonds were generally identified by their colour, for instance the blue premium bonds were issued in 1948, and were redeemed in 1998 (10 years + 4 10-year extension). [30] The first 200 DKK of each prize was tax free, the rest taxed at only 15% (compared to 30% or more for ordinary income). [31]
As well as the two £1m bonds, there are 18 winners of £100,000, 36 of £50,000, 71 of £25,000, 178 worth £10,000 and 357 with a £5,000 prize. The chances of all bonds winning are the same ...
This service is run on behalf of the National Treasury Management Agency with other "Ireland State Saving" schemes offered by the Irish Government, including Prize Bond. An Post also provide saving stamps for children, from the 1980s stamps cost 50p/50c, each stamp was place in a card.
During the second half of the 1995–2007 'Celtic Tiger' period of growth, the international bond borrowings of the six main Irish banks—Bank of Ireland, Allied Irish Banks, Anglo Irish Bank, Irish Life & Permanent, Irish Nationwide Building Society and Educational Building Society—grew from less than €16 billion in 2003 to approximately €100 billion (well over half of Ireland's GDP ...
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 Central Bank of Ireland (Irish: Banc Ceannais na hÉireann) is the Irish member of the Eurosystem and had been the monetary authority for Ireland from 1943 to 1998, issuing the Irish pound. It is also the country's main financial regulatory authority , and since 2014 has been Ireland's national competent authority within European Banking ...
Issued By: Agence France Trésor, the French Debt Agency OATs. BTFs - bills of up to 1 year maturities; BTANs - 1 to 6 year notes; Obligations assimilables du Trésor (OATs) - 7 to 50 year bonds