153 Deputy Joan Burton asked the Minister for Finance if he will report on recent press reports that a bank (details supplied) is to engage in a debt swap to strengthen its balance sheet by offering a coupon rate of 12.5% on newly issued bonds; how such banks will rank in terms of seniority of liabilities; if they will rank above or below the €3.5 billion in preference shares being injected by the Exchequer and which carry a coupon rate of 8%; if he will explain the coupon differential of some 4.5% between these two liability classes; and if he will make a statement on the matter. [24952/09]

Summary

153 Deputy Joan Burton asked the Minister for Finance if he will report on recent press reports that a bank (details supplied) is to engage in a debt swap to strengthen its balance sheet by offering a coupon rate of 12.5% on newly issued bonds; how such banks will rank in terms of seniority of liabilities; if they will rank above or below the €3.5 billion in preference shares being injected by the Exchequer and which carry a coupon rate of 8%; if he will explain the coupon differential of some 4.5% between these two liability classes; and if he will make a statement on the matter. [24952/09]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Financial Services Regulation.

  xml · EN · 23 June 2009

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.