Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 77: To ask the Minister for Finance the total debt guaranteed under the eligible liabilities guarantee scheme; the amount of this debt that is subordinated and the amount that is senior; the total amount unguaranteed senior bond debt in each of the covered institutions; and if he will make a statement on the matter. [1413/11]

Jack Wall (Kildare South, Labour)
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Question 84: To ask the Minister for Finance the total senior, unsecured and unguaranteed bonds issued by the credit institutions into which capital injections from the Exchequer have been necessary since September 2008, or are likely to be necessary in 2011, to meet new capital requirements; the total subordinated bonds issued by these institutions; if he will provide a breakdown of each category by institution; and if he will make a statement on the matter. [1385/11]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 77 and 84 together.

As Minister for Finance, it would not be appropriate for me to speculate on future capital injections for 2011, as such my reply is based on those institutions covered by the Eligible Liabilities Guarantee (ELG) Scheme.

The Central Bank has advised me that as at the end of November 2010, the total debt guaranteed under the ELG is €124 billion. Subordinated debt is not covered under the ELG. Total subordinated debt in issue is €10.2 billion as at 7th January 2011.

The total (secured and unsecured) amount unguaranteed senior bond debt in the covered institutions is €48.9 billion.

Due to considerations relating to commercial and market sensitivity and confidentiality consideration to which the Central Bank is subject in relation to the disclosure of regulatory information, it is not possible to provide a breakdown of the information by individual institutions other than in relation to subordinated debt in each of the covered institutions which is set out in the table below.

*Included in the total figure of €0.768bn of subordinated debt is the sum of €0.348bn which relates to 300,000 Non-Cumulative Preference Shares. The inclusion of these preference shares in the bank's subordinated debt is required by accounting rules notwithstanding that they are now owned by the Minister as they remain technically a debt due to the shareholder on a winding up, albeit one ranking after all other debtors.