Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

I will move on to another issue. So far as I understand it, contingency capital notes are somewhere between debt and equity. In effect, the Government had €400 million worth of contingency capital notes, and they have been bought back by PTSB through the selling of shares to raise money. From the point of view of the State, from the representatives' analysis, would it not have been better for the State to hold on to those and either replace them with new contingency capital notes or let them be converted into shares in 2016?