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Buying Irish Government Bonds

  • 31-01-2023 4:31pm
    #1
    mcardler
    Registered Users Posts: 77 ✭✭


    Anybody know the cheapest way to invest say €100k in one specific Irish Government Bond? I'd prefer to use an execution only service. None of the on-line platforms I looked at allow you to trade in Irish Government bonds.



Comments

  • #2
    JPup
    Registered Users Posts: 930 ✭✭✭JPup


    Probably Davy Select would be my guess although worth giving Goodbody a call too.



  • #3
    mcardler
    Registered Users Posts: 77 ✭✭mcardler


    Thanks for that. Davy's minimum purchase is €200k. Goodbody looks like the only alternative.



  • #4
    John_100
    Registered Users Posts: 27 ✭John_100


    https://www.boards.ie/discussion/comment/120190935#Comment_120190935

    did you find anyone cheaper than Goodbody who charge 0.5% commission on bonds (slightly higher as 1% on the first 20K i think)..cantor fitzgerald (also 0.5% commission) are out as they charge an annual fee of 0.5% on your account value..degiro only change €3 per trade for bonds but i would not put 100K or more into a degiro account no matter what..ok for small accounts of 20K to 30K

    it appears that Goodbody are the best all round for large value purchase of bonds..but i would use a limit order when buying as the Irish Treasury bonds are quoted on several european exchanges..and every 0.01 change on 100K is €10..so easy to save yourself around €500 with a limit order as there can be big difference in the quotes on the various exchanges



  • #5
    mcardler
    Registered Users Posts: 77 ✭✭mcardler


    No, I didn’t find a cheaper alternative. I did however open an account with Degiro on account of their very cheap trading fees. I haven’t bought yet as I’m not convinced it’s yet the time to buy. I can’t see that Degiro would be any more risky than Goodbodys but I could be wrong.



  • #6
    Geuze
    Registered Users, Registered Users 2 Posts: 13,932 ✭✭✭✭Geuze


    Some info in this thread:

    https://www.askaboutmoney.com/threads/irish-government-bonds-for-the-retail-punter.230776/



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  • #7
    Geuze
    Registered Users, Registered Users 2 Posts: 13,932 ✭✭✭✭Geuze


    https://www.boards.ie/discussion/comment/120947359#Comment_120947359

    I bough Irish Govt Bonds on DeGiro, commission = 3 euro.



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