17. Funding and borrowings
| 2015 €000 |
|
|---|---|
| Funding loans | 350,148 |
These funding loans have been guaranteed by the Minister for Finance, as provided under section 18 of the SBCI Act 2014.
The SBCI had loans outstanding with two funders at the end of the period. Both of these funders are European financial institutions. The remaining terms of these loans range from 6 to 9 years and interest is charged by the SBCI at Euribor plus margin.
At the end of the period, the company had €440 million in undrawn funding facilities.