275. Deputy Pearse Doherty asked the Minister for Finance if he is targeting a sale of Bank of Ireland preference shares before the deadline of the par payment by Bank of Ireland in March of 2014 of the €1.8 billion in preference shares; if he is concerned about risks of dilution of the value of the States shareholding in Bank of Ireland if the Bank is required to raise capital to replace the par payments made to the state under the preference share agreement with the Bank; if he will detail how much of the €1.8 billion par repayment of the preference shares he expects to receive from Bank of Ireland in March 2014 and if he expects to be paid in ordinary shares in the bank or in cash settlement for this par repayment; if he will detail when the total €1.8 billion is required to be repaid in par repayment from the Bank; if he will detail whether any par settlements for these preference shares are directly returnable to the Exchequer or the national pension reserve fund; and if he will make a statement on the matter. [24263/13]

Summary

275. Deputy Pearse Doherty asked the Minister for Finance if he is targeting a sale of Bank of Ireland preference shares before the deadline of the par payment by Bank of Ireland in March of 2014 of the €1.8 billion in preference shares; if he is concerned about risks of dilution of the value of the States shareholding in Bank of Ireland if the Bank is required to raise capital to replace the par payments made to the state under the preference share agreement with the Bank; if he will detail how much of the €1.8 billion par repayment of the preference shares he expects to receive from Bank of Ireland in March 2014 and if he expects to be paid in ordinary shares in the bank or in cash settlement for this par repayment; if he will detail when the total €1.8 billion is required to be repaid in par repayment from the Bank; if he will detail whether any par settlements for these preference shares are directly returnable to the Exchequer or the national pension reserve fund; and if he will make a statement on the matter. [24263/13]

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• State Banking Sector

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