Pearse Doherty (Donegal South West, Sinn Fein)
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173. To ask the Minister for Finance further to Parliamentary Question No. 240 of 16 April 2013, if he will confirm the most recent valuation of the State's holding of preference shares in Bank of Ireland. [20037/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the National Treasury Management Agency, as manager of the NPRF that as at 31 March 2013 the Fund’s holding of preference shares in Bank of Ireland was valued at €1.7 billion, which is 92% of par. This value is consistent with the preliminary basis for valuation applied as at 31 December 2012. The final year end valuation will be reflected in the Fund’s audited financial statements for 2012, which will be published in July 2013.