Written answers
Tuesday, 12 February 2013
Department of Finance
Bond Redemption
Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will confirm that PTSB has sufficient resources to repay bonds which mature in April 2013 and that PTSB will not need any additional funding from the taxpayer. [6635/13]
Michael Noonan (Limerick City, Fine Gael)
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I have been informed by Permanent TSB that it currently has sufficient resources to repay the April 2013 maturity. Permanent TSB advises that these funds come from deposit growth and the benefits of restructuring the balance sheet.
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