Thursday, 6 October 2011
Department of Finance
Question 45: To ask the Minister for Finance the amount of dated subordinated bonds which matured and were repaid by the covered institutions during the lifetime of the two-year guarantee provided under The Credit Institutions (Financial Support) Scheme 2008. [27965/11]
The following information excludes any burden sharing activities, in the form of Liability Management Exercises, conducted with subordinated bondholders. EBS, IL&P, AIB and Anglo Irish Bank had no dated subordinated bonds which matured or were repaid during the period of the CIFS Scheme 2008. Bank of Ireland had two subordinate bonds that matured during the period of the CIFS scheme. The two bonds had a nominal value of €600 million and €750 million, and were repaid in December 2008 and February 2010 respectively.
I assume that the Deputy is asking for the amount of unguaranteed senior bonds issued by the covered institutions. The Central Bank of Ireland has advised me that as of 18 February 2011, the total unguaranteed senior debt issued by the covered institutions was €36,452m of which €20,039m was unguaranteed senior secured and €16,413m was unguaranteed senior unsecured.
This information was published to the Central Bank of Ireland website in April 2011: http://www.centralbank.ie/press-area/press-releases%5CPages%5CClarification-SeniorDebtandSubordinatedDebtIssuance.aspx