Oireachtas Joint and Select Committees

Wednesday, 8 March 2017

Committee on Budgetary Oversight

Developments in the National Debt: National Treasury Management Agency

2:00 pm

Mr. Conor O'Kelly:

No, what is much more important from our point of view is the principle of it, namely, that the market has invested in Irish credit on the expectation that proceeds from any of the bank sales will go to repay debt. How valuable that is depends on the timing of the sale, the percentage of the sale and what the market is at the time. Mr. O'Connor does not like to bank anything before it is there.

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