Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
I might come back to that but I just want to briefly address the issue of burden-sharing with bondholders, before the bailout, though, and before the end of the guarantee. So as the guarantee comes to an end in September, close to €19 billion of unsecured senior bonds come out of the guarantee - €4 billion to €5 billion were bonds issued to Anglo and INBS. And between September and the bailout agreement, €2.4 billion of unguaranteed, unsecured senior bonds were repaid. So, approaching this position at the end of the guarantee, did the Government have any plans for burden-sharing?
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