Dáil Éireann Debate, Wednesday - 6 April 2016
171. Deputy Pearse Doherty asked the Minister for Finance the value of floating bonds related to the liquidation of Irish Bank Resolution Corporation currently held by the Central Bank of Ireland; the bank's plans for these bonds; and if he will make a statement on the matter. [6163/16]
Amharc ar fhreagraI am advised that the nominal value of the Central Banks current holdings of floating rate bonds related to the liquidation of IBRC amounts to €22.034 billion.
The Central Bank indicated a minimum disposal schedule of €0.5 billion up to the end of 2014, €0.5 billion per annum 2015-2018, €1 billion per annum 2019-2023 and €2 billion per annum after that until all the bonds are sold. However, the Central Bank also stated that it would dispose of the government bonds as soon as possible, provided conditions of financial stability permit. This position remains unchanged. Due to improved financial stability conditions, the disposals of fixed and floating rate government bonds from the Special Portfolio have been faster than the minimum.
