Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
12:10 pm
Mr. John Corrigan:
No. The bonds we would have raised in the run up to the programme would be medium to long-term in nature. Refinancing refers to situations where bonds have been repaid and where one is obliged to seek new bonds in order to get the money to repay those bonds. The conversation has been around the interest on the bonds. Clearly, those bonds which we raised prior to the troika programme are included in the debt service figures I provided to Deputy Donohoe.