Written answers

Wednesday, 11 January 2012

8:00 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Fine Gael)
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Question 69: To ask the Minister for Finance the average maturity of Government bonds issued each year since 1990; the average interest rate paid on Exchequer borrowings each year since 1990; and if he will make a statement on the matter. [40983/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Data supplied to my Department by the Central Bank of Ireland concerning the average maturity of Government bonds issued since 1990 is set out in the accompanying table. The Deputy should be aware that the information only pertains to Government bonds on the Central Bank's register and shows the simple average maturity on first issuance of new Government bonds in each year.

Average Maturity (Years)
19905.4
19917.0
19924.9
19938.9
199412.8
199510.6
19965.5
199710.9
1998-
19999.4
2000-
2001-
20028.5
20036.2
200416.3
2005-
2006-
200711.0
20087.1
20098.4
201010.8
2011-

Data supplied to my Department by the National Treasury Management Agency (NTMA) concerning the average interest rate paid on the National Debt each year since 1990 is set out in the table below. The Deputy should be aware that the rate applies to all sources of funding for the National Debt including Government bonds, State saving and short-term paper.

Average Interest Rate
19908.5%
19918.5%
19928.1%
19937.6%
19947.3%
19957.0%
19967.4%
19978.2%
19987.0%
19996.1%
20005.4%
20015.2%
20024.6%
20034.8%
20044.4%
20054.5%
20065.0%
20074.4%
20083.5%
20094.0%
20104.1%
20114.3%

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