Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Public Accounts Committee
2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation
9:00 am
Mr. Eoin Dorgan:
To make it absolutely clear, with the promissory note, there was a payment from the Central Fund in 2011 to honour the debt. There was a slightly different arrangement used in 2012, in terms of an issuance of a sovereign bond, effectively, to honour the promissory note payment, but there was a cash payment from the Central Fund in 2011.
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