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The Prize Bond Company is a joint venture between the founders An Post and FEXCO and is based in Killorglin, County Kerry.The company was created in 1989 with issued share capital between the founders of 50% each and will operate the scheme under its current (as of 2011) contract until the end of 2019.
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 ...
This article's factual accuracy may be compromised due to out-of-date information. Please help update this article to reflect recent events or newly available information. ( October 2010 )
The prize bond scheme was launched with a Prize Bond of Rs 100. The scheme has been expanded over time. Today we can find around six Prize Bonds including Rs 100, 200, 750, 1500, 25000 and Rs 40000.
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 ...
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As of 2009, services offered by Fexco included prize bonds, dynamic currency conversion and related customer services. [ 12 ] In 2010, Fexco acquired 75% of Goodbody Stockbrokers for a reported bargain price of €24 million with the management take the remaining 25% stake in the business.
The Prix Goncourt (French: Le prix Goncourt, IPA: [lə pʁi ɡɔ̃kuʁ], The Goncourt Prize) is a prize in French literature, given by the académie Goncourt to the author of "the best and most imaginative prose work of the year". The prize carries a symbolic reward of only 10 euros, but results in considerable recognition and book sales for ...