Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
It is in front of you there. There is a summary of it and maybe if I can just go to the second paragraph, it says:
These events will result in Irish Banks attempting to access the market for senior unsecured debt. Integral to the success of the debt offerings is support from the domestic market, i.e. [that] banks will need to purchase significant quantities of each others bonds. Consequently, [the] EBS Building Society will need to purchase debt issued by the other Irish institutions in order to get sufficient support to successfully issue-----
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