Pearse Doherty (Donegal South West, Sinn Fein)
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Question 77: To ask the Minister for Finance if he will provide an up-to-date list of the total cost of bonds held by each of the five guaranteed banking institutions, broken down into senior bonds guaranteed, senior bonds unguaranteed and secured, and senior bonds unguaranteed, unsecured and subordinated; and if he will make a statement on the matter. [14665/11]

Michael Noonan (Limerick City, Fine Gael)
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The Central Bank of Ireland has advised me that the latest information they have in relation to the value of bonds held by the six covered institutions is as follows:

Senior Bonds Guaranteed: €20,808 m

Senior Bonds Unguaranteed secured: €19,632 m

Senior Bonds Unguaranteed unsecured: €16,306 m

Subordinated bonds: €6,250 m

TOTAL €62,996 m

The Deputy may wish to note that on 1 April 2011, the Central Bank published the total senior and subordinated debt issuances by those banks covered by the Guarantee as at March 2011. This information, which is available on the Central Bank's website at www.centralbank.ie, published the individual figures on a once-off basis and were disclosed with the consent of the financial institutions and does not form part of any Central Bank statistical series. The value of total senior and subordinated debt at March 2011 was €64,326 million.

Michael McGrath (Cork South Central, Fianna Fail)
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Question 78: To ask the Minister for Finance if, in line with his pre-election commitment, he now plans to impose losses on senior bondholders at Anglo Irish Bank and Irish Nationwide, in view of the fact that the stress test results for these institutions have been concluded and deposits have already been transferred out of the institutions. [14672/11]

Michael Noonan (Limerick City, Fine Gael)
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The position set out in my Banking Statement at the end of March last regarding possible burden sharing with senior bondholders in Anglo Irish Bank and Irish Nationwide Building Society is unchanged notwithstanding the developments highlighted in the Deputy's question.

Last week the Central Bank of Ireland published an addendum to the Financial Measures Programme Report detailing the results of an independent review of the capital requirements of the two institutions. The Central Bank concluded on the basis of this review that the capital level in each institution is adequate and no new capital is required at this time.

It remains Government policy to minimise further injections of taxpayer capital into either institution in the future in order to safeguard Ireland's fiscal position and overall debt fiscal sustainability. As I made clear in my March Statement, should it be determined that additional capital is required at any point in time reflecting for example the worse, or stress, case loan losses similar to the stress estimates in the Restructuring Plan, the Government intends to consult with the external partners on the timeframe and means of recapitalising those institutions at minimum cost to the taxpayer, having regard to the financial stability impacts in Ireland and abroad.