Written answers

Thursday, 18 December 2014

Department of Finance

Bank Debt Restructuring

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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126. To ask the Minister for Finance the value of senior guaranteed and unguaranteed bonds and subordinated bonds outstanding in Bank of Ireland, AIB and Permanent TSB; and if he will make a statement on the matter. [49294/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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With reference to the Deputy's question regarding the value of outstanding balances for various debts instruments, I can confirm that I have received the following responses from the banks:

AIB (as at 5 December 2014):

Senior unsecured guaranteed - €2,224m

Senior unsecured unguaranteed - €1,074m

Senior secured unguaranteed - €4,543m

Subordinated debt* - €1,726m

*Including €1.6bn of the CoCo investment received from the State.

BOI:

Information relating to senior debt instruments (guaranteed and unguaranteed) issued by Bank of Ireland Group and outstanding at 30 June 2014 is set out in page 22 (Table 10) of the June 2014 interim report.

Information relating to subordinated debt instruments issued by Bank of Ireland Group and outstanding at 30 June 2014 is set out in page 97 (Note 24) of the June 2014 interim report.

The Bank of Ireland Group interim report can be accessed at the link: .

permanent tsb (as at 30 June 2014):

- Senior guaranteed bonds - €1,866m

- Unguaranteed bonds - €393m

- Subordinated bonds* - €392m

*Including €373m being the carrying value of the CoCo investment received from the State (nominal value €400m).

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