Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
5:10 pm
Mr. Eamonn Richardson:
First, our valuers, either PwC or UBS, would have taken market soundings. They would have spoken to buyers in the market throughout the world who buy loan books and would have taken market soundings in respect of the interest in the various loan portfolios in IBRC. KPMG would then have made calls to interested parties who would have bought loan books previously in other jurisdictions. We would also have had a significant number of inbound inquiries, over 300, on our appointment or shortly thereafter, expressing interest in various parts of the loan book or in specific loans. We collated the interest from all of the interested parties.
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