NTMA completes second tranche of early repayment of IMF loan facility

6 February 2015 – The National Treasury Management Agency announces that it has completed the second tranche of early repayment of Ireland’s IMF loan facility. Today’s repayment of €3.5 billion, together with the December 2014 repayment brings cumulative repayments to approximately €12.5 billion, representing over half of Ireland’s €22.5 billion IMF loan facility.

These repayments discharge all scheduled IMF principal repayment obligations that were originally to fall due from July 2015 to June 2019. Subsequent early repayments, planned for 2015, will target later scheduled repayment dates up to January 2021.