Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I turn to the promissory note and the spreading of repayment terms and a bullet payment at the end. There will be an extended repayment period and a reduction in interest rates. In the context of the budget, we have of the order of €1.9 billion in promissory note interest charges. While that figure will go down slightly in the next two years, one is still talking about €5.5 billion in the next three years, making up about 20% of our interest charges alone. Does Mr. Corrigan believe the markets are factoring into their pricing the extended period with a bullet payment and a reduction in interest payments?