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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
The bottom of page 147 refers to a post-acquisition proposal by PIMCO that it "would likely forgive personal recourse in return for the borrowers handing over their property assets in a consensual manner". This refers to forgoing personal guarantees. Obviously, being informed of this in advance would have had an impact on the price that the Irish public could achieve in the deal. This was a restriction on the maximum price.
No comments