Friday, January 11, 2013
11/1/2013: Greek Tax Revenues: Bad to Worse aka 2009-2012
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True Economics is about original economic ideas and analysis concerning everyday events, news, policy views and their impact on the markets and you. Enjoy and engage!
Dear Constantine, love your blog ,Could you explain in a post how it makes sense to sell BOI bonds that were earning ireland 77 million euro a year for a once off profit of 10 million !!!
Regards greg pym
May be someone with a CFA can explain this one. Given the conditions in the market, these bonds should be trading at a premium. 10mln seems to be a low premium to me, but do keep in mind - these are convertible bonds, so higher risk.
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