Michael McGrath (Cork South Central, Fianna Fail)
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151. To ask the Minister for Finance the amount Irish Water has drawn down from its loan facility with the National Pensions Reserve Fund; the full amount of the loan facility; the period of time over which it will be repaid; the interest rate that applies to the loan; if any penalty clauses apply in respect of the facility; and if he will make a statement on the matter. [45979/15]

Michael Noonan (Limerick City, Fine Gael)
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The Ireland Strategic Investment Fund (ISIF) has advised that Irish Water has entered into loan facilities of €450 million in total with the Fund, representing a refinancing of the existing €300 million National Pensions Reserve Fund facility and a new €150 million loan facility. Both facilities are unguaranteed.  The loan facilities have a 1 year maturity and the draw down to date amounts to €300 million. I am advised that the specific terms of the loan facilities are commercially sensitive and therefore cannot be disclosed.