Bond Redemption

Dáil Éireann Debate, Tuesday - 23 October 2012

Tuesday, 23 October 2012

Ceisteanna (125)

Peter Mathews

Ceist:

125. Deputy Peter Mathews asked the Minister for Finance further to Parliamentary Question No. 175 of 9 October 2012, if this redemption was funded directly or indirectly, in whole or in part by increasing borrowing from the European Central Bank; and if he will make a statement on the matter. [45643/12]

Freagraí scríofa

Minister for Finance

AIB has informed me that the bond redemption was fully met in the ordinary course of business. I understand that the Bank continues to make progress with deleveraging and deposit gathering and overall ECB borrowings have materially reduced since the beginning of the year.