| Impact of Promissory Note replacement with sovereign debt |
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| Impact of Promissory Note replacement with sovereign debt announcement February 7th 2013: The event is a rescheduling of debt, that, while it impacts the time value of debt obligations in a positive way for the Irish Exchequer (estimated future interest savings by economic forecasters of between €500 million and €1 billion per annum, including the NTMA, the agency charged with managing the Irish sovereign debt) does not affect the nominal, monetary value of debt expressed in the debt figures on the Finance Dublin Debt Clock. |
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