Oireachtas Joint and Select Committees
Tuesday, 2 October 2012
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
Discussion with Housing Finance Agency
3:15 pm
Mr. Barry O'Leary:
They would pay a straightforward annuity over 20 or 25 years, whatever they choose to pay. The interest rate we charge on those loans is 2.3%. At a rough guess we would say that perhaps 3% of the €153 million would be their cashflow per annum. It would be €4.5 million or thereabouts.
No comments