Oireachtas Joint and Select Committees
Thursday, 20 September 2018
Public Accounts Committee
National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
9:00 am
Mr. Des Carville:
That has been fully repaid early, as NAMA has explained. Due to an exercise carried out earlier in the year by NAMA, the €1.6 billion of subordinated debt that has to be repaid has been reduced to €1 billion. If the holders of that debt do not tender or accept early repayment by NAMA, it will stay in situuntil March 2020. That is the next step.
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