Pearse Doherty (Donegal South West, Sinn Fein)
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Question 79: To ask the Minister for Finance, further to Parliamentary Question No. 111 of 12 January 2011, if he will clarify whether the amount being paid to Anglo Irish Bank at the end of March 2011 will be €2.528 million; and if he will make a statement on the matter. [3045/11]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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1I refer the Deputy to my reply to Parliamentary Question No. 111 which contains a typographical error; the figure for the initial payment on the Promissory Note to Anglo Irish Bank at the end of March should read €2,528 million and not €2.528 million. I apologise for this error and can assure the Deputy that steps have been made to ensure the record is corrected.

In response to the Deputy's question, to date, Anglo Irish Bank has been provided with €29.3 billion in total capital, of which €25.3 billion was in the form of a Promissory Note. I can confirm that under the terms of the Promissory Note 10% of the initial principal amount will be paid in March each year to the holder of the Note. In the case of Anglo Irish Bank, this amounts to €2.53 billion per annum, with the first such payment at the end of March 2011 from the Exchequer.