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:
In good times, that would be a normal debt management activity. The first challenge is to get the cash in through new bonds in order that we might have visibility over our funding in 2014. If bond yields were to remain low and if we were successful in securing that cash, as a debt management exercise one would, in good times, seek to retire those slightly higher interest bearing bonds with lower interest ones.