Seán Fleming (Laois, Fianna Fail) | Oireachtas source

We will accept what the witnesses and the NTMA believe is the reasonable approach to that question. The promissory note was for ten years, and we are transferring it into a sovereign bond at a lower rate. We are saving a certain amount for the next ten years. The sovereign bond has a life of 35 years, so the interest can only be compared over that 35 year period against what was paid under the promissory note. What is the cost of the promissory note over its full life? Had I asked this question 18 months ago a different interest rate would apply. How would the witnesses answer it as things stand now?

Have the various minutes between the Department of Finance and the special liquidator been examined by the Comptroller and Auditor General?