Dáil Éireann Debate, Thursday - 17 December 2015
151. Deputy Michael McGrath asked the Minister for Finance the amount Irish Water has drawn down from its loan facility with the National Pensions Reserve Fund; the full amount of the loan facility; the period of time over which it will be repaid; the interest rate that applies to the loan; if any penalty clauses apply in respect of the facility; and if he will make a statement on the matter. [45979/15]
View answerThe Ireland Strategic Investment Fund (ISIF) has advised that Irish Water has entered into loan facilities of €450 million in total with the Fund, representing a refinancing of the existing €300 million National Pensions Reserve Fund facility and a new €150 million loan facility. Both facilities are unguaranteed. The loan facilities have a 1 year maturity and the draw down to date amounts to €300 million. I am advised that the specific terms of the loan facilities are commercially sensitive and therefore cannot be disclosed.
