Results 18,101-18,120 of 27,019 for speaker:Michael Noonan
- Written Answers — Department of Finance: IBRC Liquidation (13 Feb 2013)
Michael Noonan: I have been advised that the total deposits held by IBRC was €323 million at 31 January 2013. The Special Liquidator submitted preliminary DGS information to the Central Bank of Ireland on 12 February which estimates eligible deposits of €123 million. If the threshold for DGS qualification is mechanically applied (i.e. €100,000 per person), the payment in respect of...
- Written Answers — Department of Finance: IBRC Liquidation (13 Feb 2013)
Michael Noonan: I propose to take Questions Nos. 61 and 62 together. I have been advised by the Special Liquidator that no audited accounts will be required to be published for Irish Bank Resolution Corporation for the year ended 31 December 2012. The Minister for Finance does not intend to lay the unaudited accounts at 31 December 2012 before Dáil Éireann.
- Written Answers — Department of Finance: IBRC Liquidation (13 Feb 2013)
Michael Noonan: As the Deputy will be aware, on 5 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC (with immediate effect to wind up its business and operations. The normal Companies Act’s priorities will apply in this liquidation process. The proceeds from the disposal of IBRC’s assets will be used to...
- Written Answers — Department of Finance: IBRC Liquidation (13 Feb 2013)
Michael Noonan: As the Deputy will be aware, following the passing of the IBRC Act 2013 last week, IBRC has now been put into liquidation with Special Liquidators appointed to manage the process. Upon appointment of the Special Liquidators the Central Bank of Ireland became economic owners of the Promissory Notes which have now been replaced with a portfolio of Irish Government bonds. As such, there is no...
- Written Answers — Department of Finance: Government Bonds (13 Feb 2013)
Michael Noonan: As the Deputy will be aware the Irish Government Bonds that have been issued in exchange for the Promissory Notes are floating rate bonds. The coupon on these bonds is 6-month Euribor plus a margin ranging from 2.50% to 2.68%. Given the nature of this floating rate it is impossible to be accurate with regard to the exact interest cost in 2013 to 2015. As part of the explanatory information...
- Written Answers — Department of Finance: Government Bonds (13 Feb 2013)
Michael Noonan: As the Deputy will know, the Promissory Notes were replaced with a portfolio of long term non-amortising Irish Government bonds as a result of undertaking last week’s transaction. The net present value of the portfolio of bonds is €25bn which is equal to the par value of the Promissory Notes that they have replaced. With regard to the net present value gain in this...
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: Is the Deputy not writing for the capitalist press?
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: Not on the ECB debt.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: Not on official debt.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: The Deputy is doing what he always does; he is misleading people.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: I heard the Deputy on Marian Finucane's radio programme the other day-----
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: The Deputy was lying on Marian Finucane's show the other morning.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: I withdraw the remark.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: Not on official debt.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: The Deputy is pretending and misleading again.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: The Deputy misleads constantly.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: The Deputy does not have the expertise.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: Taoiseach.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: Deputy Flanagan is dreaming or maybe hallucinating.
- Promissory Notes: Motion (12 Feb 2013)
Michael Noonan: Try that in your local shop.