Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Irish Stability Programme Update: Minister for Finance
8:15 pm
Kevin Humphreys (Dublin South East, Labour)
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Yes. Is there a possibility of squeezing that? Obviously there is a cost in the NTMA holding that €18.5 billion. We made a slight improvement because we conducted some buy-backs of our bonds and saved a couple of hundred million euro in that regard. Is there an opportunity to squeeze that a little further? If one looks after one's pennies, the pounds look after themselves. Every €10 million or €15 million makes a difference to us. If we conduct any further buy-backs, are there any trigger mechanisms that will impact on other bonds that we would have to redeem at the same time? I will leave it at that as I have one last question to ask.