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Ireland may complete early repayment of IMF next week
March 12, 2015 / 11:44 AM / 3 years ago

Ireland may complete early repayment of IMF next week

Ireland's Finance Minister Michael Noonan attends an interview with Reuters at his office in central Dublin February 11, 2014. REUTERS/Cathal McNaughton

DUBLIN (Reuters) - Ireland may complete the early repayment of loans borrowed from the International Monetary Fund (IMF) next week, the head of funding at the national debt agency said on Thursday.

Ireland’s finance minister said earlier on Tuesday that he had ordered the debt agency to complete the early repayment.

“We are hoping to target the third and final payment this month, it could happen as early as Friday week,” said Frank O‘Connor, head of funding at the National Treasury Management Agency.

O‘Connor said funds from the 2013 repayment of preference shares from Bank of Ireland BKIR.I and the sale of contingent capital notes in permanent tsb IPM.I may be used to help pay the final 5.5 billion euro payment.

Reporting by Carmel Crimmins

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