asked the Minister for Finance the amount of interest payable in the current financial year to service overseas loans to this country.
Ceisteanna—Questions. Oral Answers. - Interest on Overseas Loans.
21.
The total amount of interest payable in 1970-71 on foreign borrowing is £4.7 million.
22.
asked the Minister for Finance the total amount of overseas loans floated to date by this country; and the rate of interest in each case.
As the reply is in the form of a tabular statement I propose, with the permission of the Ceann Comhairle, to circulate it with the Official Report.
Following is the statement:
There have been seven public loan issues by Ireland abroad as follows:—
|
Title of Loan |
Rate of Interest |
Comment |
|
|
1 |
5% loan of U.S. $15 million |
5% |
Issued on the New York market in 1927 and paid off at the first optional date in 1950. |
|
2 |
7% Sterling Deutsche Mark loan of £7 million |
7% |
Issued in March, 1966. |
|
3 |
7½% Ireland loan of £5 million |
7½% |
Issued in August, 1966. |
|
4 |
7¼% Ireland loan of D M 100 million |
7¼% |
Issued in September, 1969. |
|
5 |
9% Ireland loan of U.S. $15 million |
9% |
Issued in February, 1970 |
|
6 |
8½% Ireland loan of D M 100 million |
8½% |
Issued in August, 1970 |
|
7 |
8¼% Ireland loan of U.S. $25 million |
8¼% |
Issued in February, 1971 |
The total of the above issues amounted to £55.5 million in Irish currency.