Oireachtas Joint and Select Committees
Wednesday, 18 June 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Minister for Finance
5:25 pm
Michael Noonan (Limerick City, Fine Gael)
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There is a schedule of sales of Irish paper held by the Central Bank and the agreement was that this would be subject to review against the background of market sustainability. According to the current schedule, a sale is due at the back end of this year. That is a commitment of the Central Bank. However, there are swings and roundabouts because a coupon is paid by the Exchequer on the paper that is being held by the bank.