Oireachtas Joint and Select Committees
Thursday, 23 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
-----you have offered is subordinated debt and, as you know, there were liability management exercises of about €15 billion in respect of subordinated debt. There was a total of €1.4 billion of sub debt repaid during the guarantee because it was guaranteed. So you've offered that specific, but you haven't offered anything beyond that.
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