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Ireland repays additional 3.5 billion euros of IMF loans

Published 06/02/2015, 16:29
© Reuters.  Ireland repays additional 3.5 billion euros of IMF loans

DUBLIN (Reuters) - Ireland's debt agency on Friday repaid 3.5 billion euros (3 billion pounds) of loans to the International Monetary Fund, part of a refinancing programme that it expects to save it 1.5 billion euros in interest payments from its original EU-IMF bailout.

The National Treasury Management agency said the transfer would bring cumulative repayments to 12.5 billion euros out of a total of 18 billion euros of debt to be refinanced.

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