Apologies if this has already been asked - I’ve searched and can’t find any relevant information.
Does anyone have a pointer towards the repayment schedule for the EU / IMF bailout package, in terms of amounts and dates? The most information I’ve gleamed is from Namawinelake discussing a possible lowering of interest rates, and a table accompanying that article.
However, yesterday I read this article which contained the following stand out line.
Can that possibly be right? Namawinelake has Ireland repaying €10bn or so … but €54bn??
My table linked to above is narrowly restricted to the repayment of the €23bn drawdown so far from the €67.5bn IMF/EU bailout. So you can’t compare the repayment of that with Ireland’s total debt repayment.
However I think the article you link to at yahoo is wrong. For example the article you link to says “Whereas Greece and Portugal have a hefty debt redemption schedule over the next three years of €94 billion (£83 billion) and €43 billion (£38 billion) respectively, Ireland only has €15 billion (£13 billion), a far more manageable sum.”
According to the NTMA, we will have €27bn to repay 2011-2013 and also €27bn to repay 2012-2914 (not sure what 3 years the article refers to) ntma.ie/NationalDebt/maturit … e_html.php
I have not seen any recent official projection of repayments for 2018 - the last one is the NTMA’s linked above but that was prepared in Dec 2010 and excludes the bailout already received in Jan-Jun and the €45bn remaining to be drawn down.
What you have linked to is my estimate in February 2011 of the complete bailout based on what we knew at that stage.
Since then it seems we will need less to recapitalise the banks - but maybe look here to see that we might need to revise upwards the March 2011 estimates namawinelake.wordpress.com/2011/ … redundant/
But in truth, we have never had a detailed schedule of the drawdowns from the bailout, not by creditor, interest rate, maturity or amount. That may be in part because the NTMA don’t know exactly when the money will be needed or if it will be needed.
Yogan, the maturities are a mix of dates. Last November the NTMA was talking about * an average * maturity of 7.5 years. Here’s the detail on what we have drawn down so far
