Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Economy and Funding Requirements: Discussion with NTMA
2:55 pm
Mr. John Corrigan:
No. I am probably confusing the Deputy. The 2014 issue was €11.9 billion. We reduced that through our switching activities - in other words, we invited bondholders in the 2014 issue to switch out into a longer maturity. A total of €4.3 billion worth of bonds was switched, which leaves the €7.6 billion to which I refer. That is the maths.
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