Written answers
Tuesday, 23 October 2012
Department of Finance
Bond Redemption
Peter Mathews (Dublin South, Fine Gael)
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To ask the Minister for Finance further to Parliamentary Question No. 175 of 9 October 2012, if this redemption was funded directly or indirectly, in whole or in part by increasing borrowing from the European Central Bank; and if he will make a statement on the matter. [45643/12]
Michael Noonan (Limerick City, Fine Gael)
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AIB has informed me that the bond redemption was fully met in the ordinary course of business. I understand that the Bank continues to make progress with deleveraging and deposit gathering and overall ECB borrowings have materially reduced since the beginning of the year.
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