158. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 252 of 19 February 2013, if he will provide further updates as to the aggregate of the principal of the National Asset Management Agency bonds that shall be issued in consideration for the net debt owed by the Irish Bank Resolution Corporation to the Central Bank of Ireland; if he will explain the reason the National Asset Management Agency had not issued these securities during the week beginning 18 February 2013 as expected and detailed in his ministerial response; if he will confirm based on the way in which the Central Bank of Ireland manages its profits and given these NAMA bonds have euro system eligibility, the longer it takes for these NAMA bonds to be redeemed, the more profits the Central Bank of Ireland can make on the bonds on an annual basis and thus returned to the Irish Exchequer as long as the ECB open market rate remains lower than the interest on the NAMA bonds; and if he will make a statement on the matter. [19873/13]

Summary

158. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 252 of 19 February 2013, if he will provide further updates as to the aggregate of the principal of the National Asset Management Agency bonds that shall be issued in consideration for the net debt owed by the Irish Bank Resolution Corporation to the Central Bank of Ireland; if he will explain the reason the National Asset Management Agency had not issued these securities during the week beginning 18 February 2013 as expected and detailed in his ministerial response; if he will confirm based on the way in which the Central Bank of Ireland manages its profits and given these NAMA bonds have euro system eligibility, the longer it takes for these NAMA bonds to be redeemed, the more profits the Central Bank of Ireland can make on the bonds on an annual basis and thus returned to the Irish Exchequer as long as the ECB open market rate remains lower than the interest on the NAMA bonds; and if he will make a statement on the matter. [19873/13]

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• Bank Debt Restructuring

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