andMr. P. Barry asked the Minister for Finance why issues from the Exchequer for the redemption of debt in the period 1 January 1978 to 15 December 1978 under the heading “Other Borrowings” increased to £284 million from £5 million the previous year; and if he will give details of the payments made.
Written Answers. - Exchequer Issues.
155.
The increase is due to repayments of foreign debt, mainly in connection with refinancing on more favourable terms. Details of the issues involved are as follows:
|
£000 |
|
|
7% Sterling Deutsche Mark Bonds 1981 |
1,628 |
|
Ireland 9% Dollar bonds 1985 |
456 |
|
Ireland $25m. 8¼% Bonds 1989 |
778 |
|
7?% Deutsche Mark Notes 1973/82 |
1,932 |
|
Ireland 9¾% EUA Bonds 1974/84 |
827 |
|
7¼% Deutsche Mark Bearer Bonds 1969/84 |
18,516 |
|
8½% Deutsche Mark Bearer Bonds 1982 |
21,265 |
|
U.S. $ Revolving Credit Facilities |
187,521 |
|
Ireland 9¼% EUA Bonds 1975/82 |
2,561 |
|
Ireland 6½% Notes 1973-81 |
46,702 |
|
8¼% KD Notes 1978/84 |
559 |
|
Borrowings from European Investment Bank under Telephone Capital Acts, 1924/77 |
1,381 |
|
Total |
284,126 |