Michael McGrath (Cork South Central, Fianna Fail)
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122. To ask the Minister for Finance the interest rate that applies on the €25 billion of floating-rate notes 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. [45939/15]

Michael Noonan (Limerick City, Fine Gael)
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The Offering Circulars for the Floating Rate Notes are available on the NTMA website at . These outline the individual interest rate applied to each FRN.

The nominal outstanding of the FRNs is now €23.034bn and not €25bn.

The interest rates applied range from 6-mth Euribor +253bps to +268bps. 6-mth Euribor today is -3.9bps.

The 6-month Euribor is reset every 6 months. The last coupons fixed on 16th June were reset on 18th June. 6-mth Euribor was +5.1bps on 16th June. The coupons will fix at 6-mth Euribor on 16th December for reset on 18th December.