Written answers
Tuesday, 24 January 2012
Department of Finance
Banks Recapitalisation
9:00 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Question 145: To ask the Minister for Finance if he will provide a full list of all unsecured guaranteed bonds due to be paid by Irish Bank Resolution Corporation in 2012 and 2013 detailing the amounts to be paid, the dates on which the payments will be made and the current holders of the bonds; and if he will make a statement on the matter. [3642/12]
Michael Noonan (Limerick City, Fine Gael)
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I have been informed by the bank that the following unsecured guaranteed bonds are scheduled to mature during 2012:
April €1,500m
October €171m (1)
November €114m (1)
Total €1,785m
(1) foreign exchange conversion rates as at 20th January 2012
No unsecured guaranteed bonds fall due for repayment during 2013. It should be noted that such bonds are freely tradable once issued and therefore the issuer (i.e. IBRC) has no means of establishing the underlying ownership. These bonds are publicly traded and dealt through market participants and settled by clearing house systems. An issuer does not have any access to the records of the clearing house.
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