Oireachtas Joint and Select Committees

Thursday, 13 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of Operations and Functioning of NAMA: Discussion

9:30 am

Mr. Brendan McDonagh:

All I can say is that the bid was conditional. It made the higher bid after the event. In terms of the highest bid we can secure for the debtor, if the debtor owes 100 and the asset sells for 90, we still get 100 back from the debtor. In this instance, the debtor paid us back the full amount he owed us. We did not leave any money behind.

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