Written answers

Tuesday, 18 May 2010

Department of Finance

State Banking Sector

9:00 am

Photo of Caoimhghín Ó CaoláinCaoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
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Question 188: To ask the Minister for Finance if he will publish the full list of the bond holders involved in Anglo Irish Bank in view of the fact that Anglo Irish Bank is now in State ownership and given the extent of the Irish public's exposure; and if he will make a statement on the matter. [20406/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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Detailed information on bondholders of domestic credit institutions' senior and subordinated debt is not available. Credit institutions, including Anglo Irish Bank, do not have access to comprehensive information on the holders of their senior and junior, or subordinated debt, because such debt is publicly traded and dealt through clearing house systems. Issuers do not have access to the records of those systems and the issuer has no means of establishing the underlying ownership of its bonds at any given time. Unlike in the case of shares, the holders of credit institutions' senior and subordinated debt instruments are not subject to a disclosure regime.

Information on the debt issuance of Anglo Irish Bank is published by the institution in its annual accounts and on other occasions as appropriate. Information on the debt issuance by institutions under the Eligible Liability Guarantee Scheme is also available on the NTMA website (www.ntma.ie).

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