Oireachtas Joint and Select Committees
Thursday, 23 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Donal Forde:
Yeah. I think that is fair. The only comment I'd make on that is that it wouldn't be the full value, that it would be a discounted value of it. So, in the instance that you describe where a development was near completion, a value would attach to that, but not the full value. It would be discounted, but, yes, that would be ... have been considered as equity.
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