Joan Burton (Dublin West, Labour)
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Question 129: To ask the Minister for Finance the amount of senior and subordinated debt outstanding at Anglo Irish Bank; the total amount of senior and subordinated debt outstanding at Anglo Irish Bank guaranteed under the eligible liabilities guarantee scheme, under the credit institution financial support scheme and unguaranteed; if he will provide a breakdown by counter party, nationality, sector and maturity profile for each of the above categories; his plans to roll over the guarantee on, or re-finance, such senior debt guaranteed under the CIFS scheme, under the ELG scheme; and if he will make a statement on the matter. [16314/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Information on the debt issuance of Anglo Irish Bank is published by the institution in its annual accounts and on other occasions as appropriate. Information on the debt issuance by institutions under the Eligible Liability Guarantee Scheme is also available on the NTMA website (www.ntma.ie). Details of the amounts guaranteed under the schemes are not published because of the commercial sensitivity of such information.

Detailed information on bondholders of domestic credit institutions' senior and subordinated debt is not available. Credit institutions, including Anglo Irish Bank, do not have access to comprehensive information on the holders of their senior and junior, or subordinated, debt, because such debt is publicly traded and dealt through clearing house systems. Issuers do not have access to the records of those systems and the issuer has no means of establishing the underlying ownership of its bonds at any given time. Unlike in the case of shares, the holders of credit institutions' senior and subordinated debt instruments are not subject to a disclosure regime.

As I indicated in my Banks Statement on the 30 March last I will be seeking the Commission's agreement for a modified extension of the current ELG Scheme consistent with a phasing out over a realistic period of time. The scheme is due to be reviewed by the Commission before 1 June 2010 and I intend to make an announcement about the future of the guarantee in advance of that date. I want to stress that, of course the ordinary Deposit Guarantee Scheme that covers €100,000 per depositor per institution is in place and will continue on a permanent basis.