Oireachtas Joint and Select Committees

Thursday, 29 September 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle

9:00 am

Mr. Frank Daly:

No, it was a general policy. On a strategy day after the issuing of the section 227 report by the Comptroller and Auditor General reviewing NAMA after three years - I cannot remember the actual date - NAMA held a day-long session at which we took the view, given what was happening in the markets and different sectoral areas and geographies, that we should accelerate as a general policy where we could, pay off our debts earlier and pay off the bonds earlier.

The Deputy quoted my statement of July 2015.

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