Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

It may be a good tactic to sell back the bonds at face value in order to reduce our borrowings. We would make a significant impact on our debts with €5 billion.

Mr. Corrigan indicated in response to an earlier question from Deputy Michael McGrath that we held approximately €19 billion in cash in December and are planning to go to the market for a further €7.5 billion. Am I correct to assume that the intention is to hold approximately one year's worth of funding in advance?