Bondholders pay day!

Despite their investments going south these investors will be paid as if their investments performance had nothing to do with it.

The Irish Government continues to hand over billions in corporate welfare while cutting social welfare to fund these cheques to big business.

• 25th January, 2012, Anglo Irish Bank will pay out a single unguaranteed, unsecured bond to the value of €1.2 billion;

• 28th June, 2012, Anglo Irish Bank will pay out a single unguaranteed, unsecured bond to the value of €454 million; and

• and twenty four additional unguaranteed, unsecured senior bonds with a combined value of €800 million will be paid out from January 2012 through to April 2018

With thanks to SF TD Pearce Doherty for this information.