104 Deputy Pat Rabbitte asked the Minister for Finance if and when he will convert the State’s preference shareholdings, through the National Pension Reserve Fund, in banks (details supplied) into ordinary equity; the effect this will have on the capital structures of the respective credit institutions; if the next coupon payment will be collected in the form of ordinary equity; if the preference shares are converted to ordinary equity in advance of the next coupon payment coming due, will a pro rata payment accrue to the NPRF in respect of the time for which the investment was held but no coupon was paid; if he will exercise the detachable warrants at the moment of conversion or if the NPRF will retain them; and if he will make a statement on the matter. [5339/10]

Summary

104 Deputy Pat Rabbitte asked the Minister for Finance if and when he will convert the State’s preference shareholdings, through the National Pension Reserve Fund, in banks (details supplied) into ordinary equity; the effect this will have on the capital structures of the respective credit institutions; if the next coupon payment will be collected in the form of ordinary equity; if the preference shares are converted to ordinary equity in advance of the next coupon payment coming due, will a pro rata payment accrue to the NPRF in respect of the time for which the investment was held but no coupon was paid; if he will exercise the detachable warrants at the moment of conversion or if the NPRF will retain them; and if he will make a statement on the matter. [5339/10]

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• Banking Sector Recapitalisation.

  xml · EN · 3 February 2010

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