Oireachtas Joint and Select Committees
Thursday, 24 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
Mr. Brendan McDonagh:
In judging the appropriate discount rate to the value of the portfolio, one size does not fit all because there are assets of differing qualities in NAMA's portfolio of debtors. When the board set a policy of using the 5.5% discount rate in June 2013, it did not close the door and lock itself into it. It left open the possibility of using different discount rates depending on the circumstances.
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