Dáil Éireann Debate, Thursday - 19 July 2012
74 Deputy Michael McGrath asked the Minister for Finance the amount of losses that have been imposed to date on subordinated bondholders at the covered institutions since the introduction of the original bank guarantee in September 2008; and if he will make a statement on the matter. [36108/12]
Amharc ar fhreagraIn aggregate, the losses imposed to date on subordinated bondholders at the covered institutions since the introduction of the original bank guarantee in September 2008 is €13.9bn. The total gains from all Liability Management Exercises (LMEs) if one includes debt for equity swaps etc. in the same period is €15.5bn. A breakdown of the losses by institution was given in reply to Parliamentary Question No. 4103/12 on January 24th, 2012. There has been no change in the figure since that date.
