NTMA completes third and final early repayment of IMF loan facility

20 March 2015 - The National Treasury Management Agency announces that it has completed the third and final early repayment of Ireland's IMF loan facility. Today's repayment of SDR* 5.2 billion brings cumulative repayments to date of approximately SDR 15.7 billion. This represents a repayment of just over EUR 18 billion, or 81% of Ireland's original EUR 22.5 billion IMF loan facility.

These repayments discharge IMF principal repayment obligations that were originally to fall due from July 2015 to January 2021. Ireland has fully repaid the more expensive portion of the IMF facility. The residual balance now stands at SDR 3.8 billion.

* IMF loans are denominated in Special Drawing Rights (SDRs), an international reserve asset created by the IMF. Its value is based on a basket of four key international currencies - the euro, Japanese yen, pound sterling and U.S. dollar.
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