Written answers

Thursday, 23 February 2017

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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139. To ask the Minister for Finance the total value of prizes paid and the percentage this represents of the total prize bonds outstanding in each of the years 2012 to 2016; and if he will make a statement on the matter. [9339/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the National Treasury Management Agency (NTMA) that the value of prizes in respect of prize bonds, and these prizes as a percentage of total prize bonds outstanding at year-end, for each of the last five years, are as set out in the following table.

The Prize Bond Company has provided this data to the NTMA. The table also shows the actual rates applicable each year, as this gives a truer reflection of actual rates payable.

YearFund at Year-End €mPrizes Paid €m% of Year-End FundRate in Year
20162,892.4028.00.97%1.25% to end-June; 0.85% from July
20152,481.0028.91.16%1.25% Full Year
20142,176.4031.71.46%1.6% January to September; 1.25% October to December
20131,928.7035.21.83%2.25% January to May; 1.75% June to December
20121,648.5046.02.79%3% Full Year

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