Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

I have just one last question, Chair, and that relates ... and again I am going here now if I may, Mr. Purcell, to the time of the guarantee and to your medium-term note programme, and to the payments that you would have had to make on these. I am referring here to a document actually from Brendan McDonagh to William Beausang and it talks about repayments that you would have to make of €630 million at the end of November and then on into 2009 there would be another €1.5 billion payable, and I’m just wondering how did that arise that those, that there was so much to be repaid?

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