asked the Minister for Finance what the level of interest payments abroad on the Exchequer's foreign debt will be over the next ten years on the following assumptions; (a) that no new debt is contracted on top of that existing at 31 March 1982; (b) that all existing loans are rolled over at current interest rates as they fall due; (c) that the current levels of interest rates in the various currencies continue to prevail; and (d) that there are no further changes in exchange rates.
Written Answers. - Exchequer Foreign Interest Debt.
727.
On the assumptions stated by the Deputy it is estimated that the interest payments on the Exchequer foreign debt over the next ten years would be as follows:
|
Year |
£ million |
|
1983 |
483 |
|
1984 |
483 |
|
1985 |
480 |
|
1986 |
478 |
|
1987 |
478 |
|
1988 |
478 |
|
1989 |
475 |
|
1990 |
468 |
|
1991 |
468 |
|
1992 |
468 |
728.
asked the Minister for Finance the average spread (interest rate margin) paid by the Exchequer on its foreign borrowing in (a) each quarter of 1981 and (b) the first quarter of 1982.
The margin for any particular floating rate loan will vary with the amount and maturity of the loan and the type of debt instrument in question. It would not be feasible therefore to indicate an average spread.