asked the Minister for Finance if he will give details of foreign borrowings for each of the years 1980 to 1984, inclusive, the currency in which such loans were negotiated; and if any borrowings have been negotiated in this year.
Written Answers. - Foreign Borrowings.
462.
The information requested by the Deputy for each of the years 1980, 1981, 1982, 1983 and 1984 as well as for the month of January 1985 is provided in the following tabular statement.
1980
|
Loans Drawn Down |
Currency of Loan |
IR£m Equivalent at Date of Drawdown |
|
|
8½% Ireland DM Loan 1980-88 |
DM |
40.6 |
|
|
8½% Ireland Japanese Yen Bonds 1980 |
Yen |
35.9 |
|
|
$50 million Floating Rate Notes 1990 |
$ |
26.5 |
|
|
6% Swiss Franc Notes 1980-85 |
SF |
14.8 |
|
|
$50 million Floating Rate Notes 1988 |
$ |
25.8 |
|
|
Revolving Credit and Other Facilities |
|||
|
DM Multicurrency Facilities |
40.0273.0 |
||
|
World Bank Loan |
Interest Rate |
Currency |
IR£m Equivalent at Date of Drawdown |
|
7¼%7¼%7¼% |
DMSFFF |
1.01.40.2 |
|
|
European Investment Bank Loans |
Interest Rate |
Currency |
IR£m Equivalent at Date of Drawdown |
|
Factories 11 - B IDA |
8½8½ |
DMSF |
14.63.7 |
|
Telephones VII - A |
10¾%10¾%10¾% |
$SFYEN |
9.65.06.3 |
|
Telephones VII - B |
10.8%10.8%10.8% |
$SFYen |
1.10.60.7 |
|
Telephones VII NIC A |
11?% |
HFL |
18.3 |
|
Mayo/Sligo Water B |
7.75%7.75%7.75% |
DMSFAusSch |
3.01.20.8 |
|
South/West Water A |
7.75%7.75%7.75% |
DMSFAusSch |
6.02.51.5 |
|
Shannon Water B |
7.75%7.75%7.75% |
DMSFAusSch |
4.01.71.0 |
|
Fisheries/Harbours |
7.75%7.75%7.75% |
DMSFAusSch |
3.41.40.9 |
|
Irish Land Drainage B |
7.75%7.75%7.75% |
DMSFAusSch |
3.31.40.8 |
|
Loans Drawn Down |
Currency of Loan |
IR£m Equivalent at Date of Drawdown |
|
|
East/S.E. Water B |
8.35% |
DM |
2.4 |
|
8.35% |
SF |
1.0 |
|
|
8.35% |
Aus Sch |
0.6 |
|
|
IND Factories/IDA (II) |
8.35% |
DM |
19.6 |
|
8.35% |
SF |
8.2 |
|
|
8.35% |
Aus Sch |
4.9 |
|
|
IND Factories 11-Udar/Gael |
8.35% |
DM |
1.7 |
|
8.35% |
SF |
0.7 |
|
|
8.35% |
Aus Sch |
0.4 |
|
|
Irish Forests B |
8.35% |
DM |
4.1 |
|
8.35% |
SF |
1.7 |
|
|
8.35% |
Aus Sch |
1.0 |
|
|
Midlands/N.E. Water A |
8.35% |
DM |
5.9 |
|
8.35% |
SF |
2.5 |
|
|
8.35% |
Aus Sch |
1.5 |
|
|
IND Factories 11 - SFADCO |
8.35% |
DM |
4.4 |
|
8.35% |
SF |
1.8 |
|
|
8.35% |
Aus Sch |
1.1 |
1981
|
Loans Drawn Down |
Currency of Loan |
IR£m Equivalent at Date of Drawdown |
|
|
$50 million Floating Rate Notes due March 1988 |
$ |
28.7 |
|
|
$50 million 12¾% Bonds 1988 |
$ |
28.3 |
|
|
$100 million Floating Rate Notes due October 1988 |
$ |
62.8 |
|
|
Ireland US $75 million 16¼% Bonds due November 1988 |
$ |
48.5 |
|
|
Yen Fixed-Rate Loan Facility |
Yen |
50.9 |
|
|
8¼ Swiss Franc Private Placement 1986- 1988 |
SF |
35.1 |
|
|
12½ Dutch Guilder Private Placement 1986-1988 |
HFL |
28.3 |
|
|
10½% DM 60 million Long-Term Fixed- rate Loan due November 1991 |
DM |
16.8 |
|
|
8?% Swiss Franc Notes 1981-86 |
SF |
17.5 |
|
|
10½% DM 60 million Long-Term Fixed rate Loan due October 1991 |
DM |
16.9 |
|
|
$50m Floating Rate Notes due December 1986 |
$ |
32.1 |
|
|
8½% Ireland Japanese Yen Bonds 1981 |
Yen |
43.3 |
|
|
$100m Floating Rate Notes due July 1988 |
$ |
65.6 |
|
|
Revolving Credit and Other Facilities |
Currency |
IR£m Equivalent at date of Drawdown |
|
|
DM |
27.4 |
||
|
$ |
15.61 |
||
|
Multicurrency Facilities |
671.0 |
||
|
World Bank Loan |
Interest Rate |
Currency |
IR£m Equivalent at Date of Drawdown |
|
7.25% |
DM |
0.9 |
|
|
7.25% |
BF |
0.3 |
|
|
7.25% |
£ Stg |
1.0 |
|
European Investment Bank Loans |
Interest Rate |
Currency |
IR£m Equivalent at Date of Drawdown |
|
Mayo/Sligo Water C |
8.75% |
SF |
1.9 |
|
8.75% |
Yen |
1.9 |
|
|
Telephones VII C |
8.4% |
DM |
2.5 |
|
8.4% |
SF |
10.0 |
|
|
8.4% |
HFL |
2.5 |
|
|
8.4% |
Yen |
10.3 |
|
|
Midlands N/E Water B |
8.4% |
DM |
0.7 |
|
8.4% |
SF |
2.7 |
|
|
8.4% |
HFL |
0.7 |
|
|
8.4% |
Yen |
2.8 |
|
|
Telephones VII D |
8.4% |
SF |
3.9 |
|
8.4% |
Yen |
4.0 |
|
|
Telephones VII NIC |
10.9% |
DM |
5.5 |
|
Cork Harbour Scheme |
9.3% |
$ |
1.4 |
|
9.3% |
DM |
0.8 |
|
|
9.3% |
HFL |
0.6 |
|
|
9.3% |
SF |
0.8 |
|
|
9.3% |
FF |
0.4 |
|
|
Industrial/Agricultural Training A |
13.75% |
DM |
6.2 |
|
13.75% |
HFL |
6.2 |
|
|
13.75% |
£ Stg |
3.0 |
|
|
13.75% |
ECU |
5.1 |
|
|
Land Drainage C |
8.65% |
SF |
1.5 |
|
8.65% |
Yen |
1.5 |
|
|
South East Water B |
8.6% |
SF |
3.1 |
|
8.6% |
Yen |
3.1 |
|
|
East South-East Water C |
11.3% |
DM |
1.0 |
|
11.3% |
HFL |
1.0 |
|
|
11.3% |
Yen |
1.0 |
1982
|
Loans Drawn Down |
Currency of Loan |
IR$m Equivalent at Date of Drawdown |
|
|
10% DM 60 Million Fixed Rate Loan due 1992 |
DM |
16.6 |
|
|
10 ?% DM 100 million Public Bond Issue due 1986 |
DM |
28.2 |
|
|
10% DM 100 million Fixed Rate Loan due 1991 |
DM |
27.7 |
|
|
8½% US $ Fixed Rate Loan due 1989 |
$ |
14.5 |
|
|
US $ 100 million Floating Rate Notes due 1989 |
$ |
67.5 |
|
|
Ireland 8% Swiss Francs 50m 1982-87 |
SF |
17.9 |
|
|
9¾% DM 100 million Fixed Rate Loan due 1992 |
DM |
28.2 |
|
|
US $75m Floating Rate Notes due 1989/94 |
$ |
49.9 |
|
|
7% Swiss Franc Notes 1982-88 |
SF |
16.9 |
|
|
10½% Dutch Florin 75 million Note Issue 1982-87 |
HFL |
19.6 |
|
|
US $ 50 million Floating Rate Notes due 1992 |
$ |
35.7 |
|
|
10% DM 30 million Fixed Rate Loan |
DM |
8.6 |
|
|
9½% DM Public Bond Issue 1982-87 |
DM |
30.1 |
|
|
9.35% DM 100m Fixed Rate Loan due 1992 |
DM |
30.0 |
|
|
DM 100m 4 year Credit Facility |
DM |
30.0 |
|
|
Sterling Floating Rate Notes due 1993 |
£ Stg |
11.7 |
|
|
Revolving Credit Facilities and Other Facilities: |
$ |
218.0 |
|
|
£ Stg |
150.0 |
||
|
HFL |
20.0 |
||
|
SF |
19.0 |
||
|
DM |
31.0 |
||
|
Multicurrency Facilities |
665.0 |
|
World Bank Loan |
Interest Rate |
Currency |
IR£m Equivalent at Date of Drawdown |
|
7¼% |
DM |
0.4 |
|
|
7¼% |
SF |
0.5 |
|
|
7¼% |
Yen |
0.3 |
|
|
European Investment Bank Loans |
Interest Rate |
Currency |
IR£m Equivalent at Date of Drawdown |
|
Roads Project 4 A |
10.5% |
DM |
3.0 |
|
7.8% |
SF |
2.0 |
|
|
12.1% |
HFL |
2.0 |
|
|
9.15% |
Yen |
3.0 |
|
|
East South East Water D |
7.4% |
SF |
1.5 |
|
11.35% |
HFL |
1.6 |
|
|
14.2% |
ECU |
2.0 |
|
|
Irish Roads III B |
7.4% |
SF |
2.1 |
|
11.35% |
HFL |
2.1 |
|
|
14.2% |
ECU |
2.8 |
|
|
Land Drainage D |
7.4% |
SF |
0.9 |
|
11.35% |
HFL |
0.9 |
|
|
14.2% |
ECU |
1.2 |
|
|
Factories III SFADCo |
7.4% |
SF |
2.4 |
|
11.35% |
HFL |
2.4 |
|
|
14.2% |
ECU |
3.2 |
|
|
Factories III (IDA) |
10.15% |
DM |
3.5 |
|
7.7% |
SF |
2.3 |
|
|
11.6% |
HFL |
2.3 |
|
|
9.0% |
Yen |
3.5 |
|
|
Industrial Agricultural Training B |
10.05% |
DM |
1.6 |
|
7.7% |
SF |
1.1 |
|
|
11.4% |
HFL |
1.1 |
|
|
9.0% |
Yen |
1.6 |
|
|
Midlands North East Water NIC |
9.25% |
DM |
5.3 |
|
Telephones 8 NIC |
10.6% |
HFL |
26.1 |
1983
|
Loans Drawn Down |
Currency of Loan |
IR£m. Equivalent at Date of Drawdown |
|
|
9.45% Yen Fixed Rate Loan 1992 |
Yen |
42.4 |
|
|
8?% DM Public Bond Issue, 1991 |
DM |
45.0 |
|
|
12¾% ECU Public Bond Issue 1990 |
ECU |
20.7 |
|
|
12½ ECU Public Bond Issue 1991 |
ECU |
20.7 |
|
|
9% DM Fixed Rate Loan due 1990 |
DM |
30.2 |
|
|
8½% DM Public Bond Issue due 1990 |
DM |
45.0 |
|
|
8 5/9% DM Private Placement 1983-90 |
DM |
22.6 |
|
|
8½% Ireland Japanese Yen Bonds 1983 |
Yen |
45.5 |
|
|
8.8% Yen Fixed Rate Loan Facility Nov 1992 |
Yen |
21.3 |
|
|
8¼% DM Fixed Rate Loan due 1988 |
DM |
6.3 |
|
|
6½% Swiss Franc Bonds 1983-93 |
SF |
30.3 |
|
|
8½% DM Fixed Rate Loan due 1990 |
DM |
31.8 |
|
|
8?% DM Public Bond Issue due 1991 |
DM |
47.6 |
|
|
12% Belgian Franc Fixed Rate Loan due 1993 |
BF |
7.7 |
|
|
Ireland 12½% Stock 2008 |
£Stg |
15.7 |
|
|
6½% Swiss Franc Bonds, Nov 1983-93 |
SF |
31.8 |
|
|
Revolving Credit Facilities and Other Bilateral Facilities: |
$ |
201.0 |
|
|
SF |
65.0 |
||
|
Yen |
48.0 |
||
|
Lux Fr |
22.0 |
||
|
FF |
2.0 |
||
|
Multicurrency Facilities |
197.0 |
|
Loans Drawn Down European Investment Bank Loans |
Interest Rate |
Currency of Loan |
IR£m Equivalent at Date of Drawdown |
|
Irish Roads V |
8.25% |
DM |
3.3 |
|
6.1% |
SF |
3.2 |
|
|
8.3% |
HFL |
2.8 |
|
|
9.1% |
Yen |
1.7 |
|
|
East/South East Water — E |
8.25% |
DM |
1.2 |
|
6.1% |
SF |
1.2 |
|
|
8.3% |
HFL |
1.0 |
|
|
9.1% |
Yen |
0.6 |
|
|
Irish Roads III — C |
8.25% |
DM |
2.1 |
|
6.1% |
SF |
2.1 |
|
|
8.3% |
HFL |
1.7 |
|
|
9.1% |
Yen |
1.0 |
|
|
Irish Industrial Factories III — |
8.25% |
DM |
0.8 |
|
Udarás na Gaeltachta |
6.1% |
SF |
0.4 |
|
8.1% |
HFL |
0.7 |
|
|
Irish Industrial Factories III — SFADCo |
8.1% |
HFL |
0.7 |
|
Irish Water I |
8.8% |
DM |
2.0 |
|
6.6% |
SF |
2.0 |
|
|
10.25% |
HFL |
2.0 |
|
|
8.9% |
Yen |
2.0 |
|
|
12.65% |
ECU |
2.0 |
|
|
Irish Roads IV |
8.6% |
DM |
3.3 |
|
10.0% |
HFL |
2.5 |
|
|
8.9% |
Yen |
3.4 |
|
|
12.4% |
Stg |
4.2 |
|
|
12.65% |
ECU |
3.3 |
|
|
Irish Telecommunications IX |
8.6% |
DM |
4.1 |
|
9.5% |
HFL |
4.1 |
|
|
8.9% |
Yen |
3.5 |
|
|
12.65% |
ECU |
2.0 |
1984
|
Loans Drawn Down |
Currency of Loan |
IR£m Equivalent at Date of Drawdown |
|
|
Floating Rate Notes due 1994 |
$ |
271.5 |
|
|
11?% ECU Public Bond Issue due 1990 |
ECU |
21.9 |
|
|
8¼ DM Private Placement 1983/91 |
DM |
32.2 |
|
|
Ireland 12½ Stock 2008 |
£Stg |
46.1 |
|
|
Stg Floating Rates Notes due 1993 |
£Stg |
63.0 |
|
|
Ireland 7.6% Japanese Yen Bonds, 1984 |
Yen |
55.8 |
|
|
11?% Sterling Bonds due 1994 |
£Stg |
61.7 |
|
|
8?% DM Public Bond Issue due 1992 |
DM |
48.6 |
|
|
8¼ DM Fixed Rate Loan due 1992 |
DM |
32.5 |
|
|
6?% Swiss Franc Loan due 1993 |
Sw Fr |
19.3 |
|
|
7.9% Yen Fixed Rate Loan Facility due 1994 |
Yen |
38.5 |
|
|
Floating Rate Notes due 1999 |
$ |
290.6 |
|
|
DM 8% Public Bond Issue due 1994 |
DM |
48.3 |
|
|
10?% ECU Public Bond Issue due 1994 |
ECU |
36.0 |
|
|
UK Floating Rate Notes due 1996 |
£Stg |
119.3 |
|
|
Dutch Guilder Fixed Rate due 1994 |
HFL |
16.5 |
|
|
8?% Dutch Guilder Private Placement due 1999 |
HFL |
11.9 |
|
|
Revolving Credit and other facilities |
$ |
142.1 |
|
|
Yen |
124.1 |
||
|
£Stg |
231.7 |
||
|
FF |
6.1 |
||
|
Multicurrency Credit facilities |
116.1 |
|
European Investment Bank Loans |
Interests Rates |
Currency of Loan |
IR£m Equivalent at Date of Drawdown |
|
NIHE Limerick A |
8.4% |
DM |
1.4 |
|
6.6% |
SF |
1.0 |
|
|
9.1% |
HFL |
1.4 |
|
|
11.9% |
£Stg |
2.1 |
|
|
11.7% |
ECU |
1.1 |
|
|
Irish Roads V |
8.4% |
DM |
2.2 |
|
6.6% |
SF |
1.6 |
|
|
9.0% |
HFL |
2.2 |
|
|
11.9% |
£Stg |
3.3 |
|
|
11.7% |
ECU |
1.7 |
|
|
Irish Forests II |
11.8% |
£Stg |
33.8 |
|
Irish Roads III-D |
8.4% |
DM |
1.5 |
|
6.6% |
SF |
2.0 |
|
|
8.0% |
Yen |
1.2 |
|
|
11.8% |
£Stg |
3.2 |
|
|
Irish Roads VI-A |
9.0% |
DM |
1.0 |
|
9.3% |
DFL |
1.5 |
|
|
6.85% |
SF |
1.5 |
|
|
8.0% |
Yen |
1.0 |
January 1985
|
Loans Drawn Down |
Currency |
IR£m Equivalent at Date of Drawdown |
|
|
6.55% Swiss Franc 50m Loan due 1995 |
SF |
19.3 |
|
|
6.6% Swiss Franc 100m Fixed Rate Loan due 1995 |
SF |
38.6 |
|
|
10¼% ECU 50m Public Bond Issue |
ECU |
35.8 |
|
|
6 1/16% Swiss Franc 50m Loan due 1995 |
SF |
19.1 |
|
|
7?% DM 200m Public Bond Issue |
DM |
64.3 |
|
|
Revolving Credit and Other Facilities: |
$ |
216.0 |
|
|
£Stg |
85.0 |
||
|
Multicurrency facilities |
118.0 |
||
|
European Investment Bank Loans |
Interest Rate |
Currency |
IR£m Equivalent at Drawdown Date |
|
Irish Water 3 |
8.15% 6.40% |
HFL SF |
6.2 6.0 |
|
Irish Water 3 BIC |
6.40% 7.75% |
SF DM |
7.0 3.6 |
|
Irish Water 2 A |
8.05% 6.65% |
HFL SF |
3.0 2.0 |
|
Irish Roads 7 A |
8.05% |
HFL |
7.8 |
|
6.55% |
SF |
2.6 |
|
|
7.60% |
DM |
2.6 |
|
|
Irish Forests II NIC |
11.60% |
Stg |
13.2 |
On 31 January the following loans had been signed but not yet drawn into the Exchequer.
Swiss Franc 50m loan due 1995, Yen 15 Billion Loan due 1995, $300m Floating Rate Notes due 1997, $20m multicurrency Loan due 1995.