Search results
Results from the WOW.Com Content Network
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 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 ...
Premium bonds are an investment product from the National Savings and Investment (NS&I), which is owned by the government. Each month, millions of savers are entered into a prize draw to win cash ...
The Dáil loans were bonds issued in 1919–1921 by the Dáil (parliament) of the self-proclaimed Irish Republic to raise the Dáil funds or Republican funds, used to fund the state apparatus the Republic was attempting to establish in opposition to the Dublin Castle administration of the internationally recognised United Kingdom of Great Britain and Ireland.
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]
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 ...
This meant that, for the first time, the Irish state retained no ownership stake in the company running the National Lottery. [30] The acquisition was completed in November 2023. [31] The Irish state continues to own and regulate the National Lottery, which PLI will continue to operate until its 20-year licence expires in November 2034. [27]
Additional funding from the Irish government was highlighted, with Lenihan recognising that it would be difficult to raise funds on the stock market. [54] On 10 October 2009, the Irish Times reported that Bank of Ireland and AIB could need to raise a combined €9bn as a result of write-downs associated with the transfer of assets to NAMA. [55]