Oireachtas Joint and Select Committees

Thursday, 13 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund

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1:30 am

Mr. Eugene O'Callaghan:

It is a loan facility. It matures in September 2015. It is designed as a bridging facility to bridge the start-up phase of Irish Water. The interest works out at approximately 2.5%. It is a 200 basis point spread over a base rate.

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