Oireachtas Joint and Select Committees
Tuesday, 25 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
I will get to that. He has not referred to, and does not dispute, the market rate being applied if it was a loan sale or a fire sale. That is not his contention. His contention is that if NAMA holds and works out the assets in the manner in which it was originally intended then the 5.5% discount rate would apply. Is that fair enough?
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