Frances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

Yes, tomorrow. A final settlement, whereby the funds received will be deposited with the NTMA, which holds the shares, will occur two working days later on 27 June. The final listing price will be obvious as will whatever the proceeds for the State will be.

The one-off revenue in divesting the State of its banking assets is treated as a financial transaction and not counted as general Government revenue. Therefore, it will not result in a beneficial impact on the general Government balance. The Government's policy has been consistent that the proceeds should be directed towards debt reduction to reduce the cost of debt servicing in future years.

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