Joan Burton (Dublin West, Labour)

I asked two further questions. The balance of the promissory notes which are to be issued by the end of the year for Anglo Irish Bank and Irish Nationwide Building Society is approximately €6 billion. Under the terms arranged by the Government, the notes will have to be issued at the prevailing rate of interest, which stands at more than 7% today. Has the Department factored in the interest rates at which they will be issued?

The senior debt in Anglo Irish Bank was redeemed on 30 September. How was the debt redeemed? Was it done with further borrowings?

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