Treasury Minister Alex Allinson says the government spent a bond worth hundreds of millions of pounds on the Steam Packet and Manx Utilities.
This week in the House of Keys, Dr Allinson faced questions from Arbory, Castletown and Malew MHK Jason Moorhouse about the £400m Sustainable Financing Bond.
Dr Allinson said £176 million of it had been spent on funding Manx Utilities projects.
And he revealed a Steam Packet loan for the Manxman was also refinanced using the cash:
Manx mums relate to Paris's school holidays feelings
Okells makes it a double at beer awards
Organisers call off 11-hour music event next weekend
Plans lodged for quayside hotel and apartments in Peel
£5,000 fundraiser launched for Buddy's surgery
Cruise ship makes Island stopoff
Parents warned over school run parking and driving
Lord Street redevelopment case back in court