Written answers
Wednesday, 18 April 2012
Department of Finance
Fiscal Policy
10:00 pm
Robert Dowds (Dublin Mid West, Labour)
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Question 186: To ask the Minister for Finance the amount of Government borrowing for the years 2002 to 2008 inclusive; from which institutions this borrowing came; and the cost of paying back that borrowing and the timeline for doing same. [18871/12]
Michael Noonan (Limerick City, Fine Gael)
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The National Treasury Management Agency issues Irish Government Bonds sold on the international capital markets to fund the Exchequer Borrowing requirement and to refinance maturing debt. Because of the mechanisms by which Government bonds are issued and traded, it is not possible to identify the holders of the debt issued. The table below shows the nominal amounts of Irish Government Bonds issued in the period 2002 to 2008 along with the interest rate which is payable each year on the coupon date to the maturity date on which the nominal amount borrowed is repaid.
The National Treasury Management Agency issues Irish Government Bonds sold on the international capital markets to fund the Exchequer Borrowing requirement and to refinance maturing debt. Because of the mechanisms by which Government bonds are issued and traded, it is not possible to identify the holders of the debt issued. The table below shows the nominal amounts of Irish Government Bonds issued in the period 2002 to 2008 along with the interest rate which is payable each year on the coupon date to the maturity date on which the nominal amount borrowed is repaid.
*Irish Government bonds Issued 2002 to 2008
Year Borrowed Nominal €million Coupon Rate Maturity Date
2002 751 4.60% 18/04/2016
2002 6,400 4.25% 18/10/2007
2002 7,570 5.00% 18/04/2013
2003 5,126 3.25% 18/04/2009
2003 1,398 4.60% 18/04/2016
2003 1,380 5.00% 18/04/2013
2004 20 3.25% 18/04/2009
2004 5,630 4.50% 18/04/2020
2005 29 3.25% 18/04/2009
2005 1,440 4.50% 18/04/2020
2005 60 4.60% 18/04/2016
2007 6,000 4.50% 18/10/2018
2008 7,000 4.40% 18/06/2019
2008 4,000 4.00% 11/11/2011
*Data supplied by NTMA
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