Joan Burton (Dublin West, Labour)

Question 47: To ask the Minister for Finance the reason the promissory notes issued in respect of Anglo Irish Bank, Irish Nationwide and EBS carry coupon rates ranging from 4% to over 6%; if consideration was given in structuring these notes to the use of zero coupon notes; if consideration was given in structuring these notes to the use of shorter term money, rolled over at lower interest rates, as was the case with the National Assets Management Agency bonds; if he will give consideration to the use of zero coupon notes, or another interest minimizing mechanism, to finance the remaining €9.1bn to be granted to Anglo Irish Bank and Irish Nationwide by end 2010, potentially reducing the 2011 General Government Deficit by some €700m based on the prevailing 10 year sovereign bond rate on 4 November 2011; and if he will make a statement on the matter. [41829/10]

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