Dáil debates

Thursday, 7 February 2013

Promissory Notes: Statements

 

3:15 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The Taoiseach is aware that due to the construction of the promissory note, the interest paid on it was to the Central Bank, which ended up coming back to the State. If the promissory note ran its course it would have been cancelled out by 2022. The Central Bank would have received €28 billion in capital and that would be it.

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