Davy's Debt & Specialist Finance team is the
largest in Ireland. We act for both borrowers and investors in the
global debt markets.
We are active traders in all sovereign bonds and global credits, and are primary dealers of Irish government bonds.
In the April edition of Davy Economics Monthly, we focus on two issues. Firstly, we look at the outlook for Irish mortgage lending, with the stock set to continue contracting as households continue to de-leverage. Secondly, we analyse recent developments in...
Improving real estate and economic fundamentals, along with legislation introduced in April, have paved the way for the launch of Ireland’s Real Estate Investment Trust (REIT) sector. To date, there have been two REIT listings (Green REIT, followed by Hibernia...
A recent survey, commissioned by Davy, confirms our view that the express and logistics sector’s volume growth is improving and that best-of-breed operators will excel. We view three themes in particular as important for 2014: excess cash/shareholder...
The key focus has switched from recovery to new lending flows in an increasingly concentrated Irish market as Bank of Ireland (BKIR) looks to reverse the contraction in its average interest earning asset base. Meanwhile, the Central Bank of Ireland’s (CBI)...
Investor enthusiasm for all things Irish, coupled with the tangible progress made by the bank in delivering on its strategic objectives, has propelled Bank of Ireland (BKIR) shares to a premium valuation – 1.6x forecast end-2014 TNAV and 12.1 times the first...
The Irish Stock Exchange (ISE) has published updated free floats following its scheduled Q1 review. The calculation date was February 28th. The changes will be applied to the ISE indices after the close of business on Friday, March 21st to take effect from the...
In the April edition of Davy Economics Monthly, we focus on two issues. Firstly, we look at the outlook for Irish mortgage lending, with the stock set to continue contracting as households continue to de-leverage. Secondly, we analyse recent developments in...
Having rebounded strongly in February, global markets struggled in their bid to progress any further in March. The result is a poor first quarter for equities in general, with the MSCI world developed index up 0.5% on where it started the year. World emerging...
In the fifth edition of Davy Economics Monthly, we focus on three issues: the growing likelihood that the Irish government can realise value from its stakes in Irish banks and NAMA; Ireland’s confusing macroeconomic data; and Chancellor George Osborne’s UK...
The February issue of Davy Economics Monthly looks at three issues: the latest Central Bank data on Irish mortgage arrears, the demise of the Bank of England’s forward guidance policy and the attempts by the French government to address structural...
April 23 2014
April 23 2014
April 23 2014
April 23 2014
April 23 2014
April 23 2014
April 23 2014
