Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Eugene Sheehy:
We had nothing maturing. Senior debt is perpetual so it never matured unless you decided to call upon it. Obviously you would not call upon it during the tenure of the guarantee. There was substantial equity created obviously when the bank put those debt instruments back to investors in offer for other ones, I think over €3 billion of equity created in the AIB book and €15.9 billion in the State overall, in burning the bondholders if you want to use that phrase.
No comments