Pearse Doherty
Question:80. Deputy Pearse Doherty asked the Minister for Finance the position regarding bilateral loans and financial borrowings from the British Government to the State. [48935/14]
View answerThursday, 18 December 2014
Questions (80)
Written answers
The bilateral loan to Ireland from the United Kingdom as set out in a loan agreement dated 22 December 2010, as Amended and Restated pursuant to the Amendment Agreement dated 4 October 2012, is for a total of £3,226,960,000.00.
The full amount of the UK Bilateral Loan has been drawn down.
The loan was drawn down in eight tranches, following the successful completion of the relevant EU/IMF Programme reviews, and details are set out in the table.
Final Disbursement Table for United Kingdom Bilateral Loan
|
Nominal Loan Amount |
Date of Drawdown |
Maturity Date |
Term of Drawdown |
|
GBP 0.40 billion |
14-Oct 2011 |
14-Apr-2019 |
7.5 years |
|
GBP 0.40 billion |
30-Jan-2012 |
30-Jul-2019 |
7.5 years |
|
GBP 0.40 billion |
28-Mar-2012 |
28-Sep-2019 |
7.5 years |
|
GBP 0.40 billion |
01-Aug-2012 |
01-Feb-2020 |
7.5 years |
|
GBP 0.40 billion |
19-Oct-2012 |
19-Apr-2020 |
7.5 years |
|
GBP 0.40 billion |
06-Mar-2013 |
06-Sep-2020 |
7.5 years |
|
GBP 0.40 billion |
06-Jun-2013 |
06-Dec-2020 |
7.5 years |
|
GBP 0.40 billion |
26-Sep-2013 |
26-Mar-2021 |
7.5 years |
|
GBP Total £3.23 billion (EUR Equivalent Total €3.83 billion) |
Weighted Average Life: 7.5 years |
Table: NTMA Website http://www.ntma.ie/business-areas/funding-and-debt-management/euimf-programme/