Wednesday 29 January 2020

Talks on restructuring of Anglo promissory notes ongoing reporters

TALKS on the restructuring of billions of Anglo Irish Bank-related debts are ongoing, the Government said today.

But Minister for Communications Pat Rabbitte would not comment on reports that the talks had stepped up a gear and have advanced.

Instead he said a positive outcome to the talks which have been ongoing since September would be positive for Ireland.

The Government has been playing down suggestions that a positive outcome could make a yes vote on the referendum on the fiscal treaty more likely.

The debt relates to Anglo, now IBRC, promissory notes or IOUs.

While the Government has said it is committed to paying back the principal sum of €31bn it is negotiating lower interest rates and a longer payment timeline for €17bn in interest rates on the debt.

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