Enda Kenny (Mayo, Fine Gael)

As the Deputy is aware, a figure of approximately €5 billion has been leveraged from subordinated bond investors. The Minister for Finance has made it clear that he intends to have discussions with the European Central Bank in respect of senior bondholders in Anglo Irish Bank commencing in the autumn. An interest rate reduction, agreed in principle at the meeting on 11 March, has not yet been concluded. However, that discussion is continuing.

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