NTMA repay €9bn bailout loan early – TheLiberal.ie – Our News, Your Views

NTMA repay €9bn bailout loan early




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The National Treasury Management Agency (NTMA) confirmed today the early repayment of a €9bn IMF bailout loan , thus making a saving for the Irish taxpayer of nearly €1bn.

The early payment means a saving of over €150m in interest payments in 2015 and €750m over the lifetime of the loans.

Finance Minister Michael Noonan stated that the national debt “is over €200bn so we need serious people who are not frightened by big balance sheets.”

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