I propose to take Questions Nos. 48 to 50, inclusive, together.
I can confirm for the Deputy that BOI, AIB and ptsb held the levels of NAMA bonds outlined below as of 24th February 2014. The senior bonds currently earn an interest rate of six month euribor which was set last September at a rate of 0.345%. This year, for the first time, NAMA intends to pay the fixed coupon of 5.264% on its subordinated debt which was set by reference to the 10 year Irish Government bond yield when the subordinated debt was first issued in March 2010.
Bank
|
Senior bonds
|
Sub-debt
|
AIB (inc EBS)
|
€15.82 bn
|
€0.47bn
|
BOI
|
€3.99 bn
|
€0.28bn
|
ptsb
|
€2.16bn
|
-
|
Total
|
€21.98bn
|
€0.75bn
|