Written answers

Tuesday, 23 April 2013

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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176. To ask the Minister for Finance if he will provide a breakdown of the ELG payments that comprise the 933m provided under the Credit Institutions (Financial Support) Act 2008, as detailed in the March Exchequer; and if he will make a statement on the matter. [19185/13]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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194. To ask the Minister for Finance if he will provide a breakdown of the 933.775million eligible liabilities scheme payment in the March 2013 Exchequer Statement between senior unguaranteed unsecured bondholders, senior unguaranteed secured bondholders, senior guaranteed secured bondholders, junior bondholders, depositors and others. [18448/13]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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I propose to take Questions Nos. 176 and 194 together.

Following the liquidation of IBRC on 7 February 2013, all eligible liabilities covered by the ELG Scheme are entitled to apply for repayment under the Scheme. IBRC had two bonds which were guaranteed under the Scheme and which had ELG certificates. Both were senior unsecured bonds. During March 2013, the two ELG Scheme guaranteed bonds were repaid in full to the Bond Trustee, for distribution to bondholders. This amounted to a total of 933.775 million.

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