Written answers
Tuesday, 31 January 2012
Department of Finance
State Banking Sector
9:00 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Question 132: To ask the Minister for Finance if he will provide a full list of all unsecured unguaranteed 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. [5160/12]
Michael Noonan (Limerick City, Fine Gael)
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The list of unsecured unguaranteed bonds due to be paid in 2012 and 2013 is set out in a table. As already indicated the bank has no means of establishing the underlying ownership of these securities which are freely tradeable once issued. These securities 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. At maturity, the Bank will instruct its paying agent to transfer the funds due to the clearing house who will then distribute the funds to the holders of the securities as per their records. Even where the bank is presented with lists alleging to represent names of bondholders I am informed there is no way for the bank, or anyone else, to verifying the veracity of such lists.
| Unguaranteed | |||||
| ISIN | Maturity Date | Value Date | Currency | Net Issuance | Euro Equivalent |
| XS0243157897 | 03/02/2012 | 03/02/2006 | EUR | 20,000,000 | 20,000,000 |
| XS0278110357 | 15/02/2012 | 21/12/2006 | GBP | 1,000,000 | 1,200,768 |
| XS0286152482 | 23/03/2012 | 23/03/2007 | EUR | 3,500,000 | 3,500,000 |
| XS0288559585 | 23/03/2012 | 23/03/2007 | EUR | 8,000,000 | 8,000,000 |
| XS0290744530 | 28/03/2012 | 28/03/2007 | EUR | 9,000,000 | 9,000,000 |
| XS0298047290 | 26/04/2012 | 26/04/2007 | JPY | 1,500,000,000 | 15,034,580 |
| XS0293036819 | 27/04/2012 | 27/04/2007 | EUR | 30,000,000 | 30,000,000 |
| XS0294693774 | 27/04/2012 | 27/04/2007 | EUR | 10,000,000 | 10,000,000 |
| XS0363778449 | 14/05/2012 | 14/05/2008 | GBP | 60,000,000 | 72,046,110 |
| XS0306306613 | 26/06/2012 | 26/06/2007 | GBP | 8,595,000 | 10,320,605 |
| XS0306307694 | 26/06/2012 | 26/06/2007 | EUR | 590,708,000 | 590,708,000 |
| XS0306654657 | 27/06/2012 | 27/06/2007 | USD | 15,000,000 | 11,607,212 |
| XS0307691559 | 28/06/2012 | 28/06/2007 | GBP | 400,000,000 | 480,307,397 |
| XS0382011749 | 20/08/2012 | 18/08/2008 | EUR | 10,000,000 | 10,000,000 |
| XS0327475074 | 08/11/2012 | 08/11/2007 | CZK | 600,000,000 | 23,574,712 |
| XS0373626208 | 04/07/2013 | 04/07/2008 | EUR | 50,000,000 | 50,000,000 |
| XS0367944377 | 22/07/2013 | 21/07/2008 | EUR | 25,000,000 | 25,000,000 |
| XS0333549599 | 29/11/2013 | 30/11/2007 | BGN | 25,000,000 | 12,782,493 |
Pearse Doherty (Donegal South West, Sinn Fein)
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Question 133: To ask the Minister for Finance, further to Parliamentary Question No. 44 of 15 November 2011, if he will provide an update on his and Irish Bank Resolution Corporation's efforts to establish the identity of current unsecured, unguaranteed bondholders with Anglo Irish bank; the rationale for his or IBRC's efforts in this regard; if he or IBRC have identified these bondholders; and if so, if he will provide a list of those identified and the bonds they currently have with IRBC; and if he will make a statement on the matter. [5204/12]
Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware the bank has no means of establishing the underlying ownership of these securities which are freely tradeable once issued. These securities 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. At maturity, the Bank will instruct its paying agent to transfer the funds due to the clearing house who will then distribute the funds to the holders of the securities as per their records. Even where the bank is presented with lists alleging to represent names of bondholders I am informed there is no way for the bank or anyone else to verifying the veracity of such lists. In the circumstances the Deputy will appreciate that there is nothing further I can do to identify the names of the bondholders.
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