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
3:35 pm
Mr. John Corrigan:
We assumed that the rate would be less than the rate at which we can borrow, but for the reasons already stated I am not prepared to speculate publicly on the rate at which we might borrow because it would be unhelpful to our borrowing operations on the market. I cannot say what I would expect to pay for ten year paper. That is an important component of the calculation.
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