Written answers
Tuesday, 31 March 2009
Department of Finance
Fiscal Policy
9:00 pm
Jim McDaid (Donegal North East, Independent)
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Question 163: To ask the Minister for Finance the amount of interest due on previous Government bonds due in 2009, 2010, 2011 and 2012. [13303/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The National Treasury Management Agency advise me that interest due on bonds outstanding at present is as follows:
| Year | 2009 | 2010 | 2011 | 2012 |
| Interest due (â¬m) | 1,827.600 | 1,266.703 | 1,234.553 | 1,074.483 |
Of course, any additional borrowing undertaken will increase the amount of future interest payments.
Jim McDaid (Donegal North East, Independent)
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Question 164: To ask the Minister for Finance the amount of interest due in 2012 on Government bonds taken out in January 2009 and February 2009; and if it is anticipated that another bond will be required before April 2009. [13304/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The National Treasury Management Agency advise me that interest on the bonds issued in January and February 2009 will amount to â¬396 million in 2012. Another bond will not be required before April 2009. The NTMA auctioned â¬1 billion from existing series of medium- and long-term bonds last week. This was the first of a series of auctions planned for 2009 and it was oversubscribed, reflecting investor confidence in Irish bonds. The Exchequer is in a comfortable position with regard to funding with around â¬25 billion in cash balances.
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