Written answers
Thursday, 2 October 2014
Department of Finance
Promissory Notes
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
59. To ask the Minister for Finance the book value and market value of bonds currently held by the Central Bank of Ireland as a result of the promissory note transaction; and if he will make a statement on the matter. [37444/14]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
Subsequent to the liquidation of IBRC the Central Bank of Ireland acquired €25bn of Floating Rate Notes (FRNs) and €3.46bn of Government Fixed Coupon 2025 Government bonds.
According to the Central Bank's 2013 Annual Report the FRNs were valued at €27.8 billion at the end of December 2013 giving rise to an unrealised gain of €2.8 billion. According to the same report the Fixed Coupon 2025 Government bonds was valued at €3.5 billion giving rise to an unrealised gain of €292.7 million at that date.
Further details in relation to the bonds can be found at notes 16 and 34 of the Annual Report which can be accessed at .
No comments