Oireachtas Joint and Select Committees
Thursday, 1 October 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014 (Resumed)
10:00 am
Mr. Brendan McDonagh:
Today all of our resources are applied towards divesting assets and towards repaying our senior debt. Our senior debt has to be paid by 2018. Then the sub-debt holders will be next in line to get repaid and they will have to be repaid. So the surpluses will only be known when, effectively, those two entities are paid off.
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