Pearse Doherty
Question:82. Deputy Pearse Doherty asked the Minister for Finance if he will provide both the date and amount of the latest repayment on bilateral loans to the British Government by the State. [48937/14]
View answerThursday, 18 December 2014
Questions (82)
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 under the UK Bilateral Loan has been drawn down, with the last of eight tranches being disbursed on 26 September 2013.
The first repayment of £403,370,000 is due to be made on 14 April 2019.
The final repayment of €403,370,000 is due to be made on 26 March 2021.
Details of each of the eight tranches are set out in the table.
Final Disbursement Table for United Kingdom Bilateral Loan
|
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 |
||
|
Nominal Loan Amount |
Date of Drawdown |
Maturity Date |
Term of Drawdown |
Table: NTMA Website http://www.ntma.ie/business-areas/funding-and-debt-management/euimf-programme/