Oireachtas Joint and Select Committees
Thursday, 11 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Property Loans (Project Glas) By Permanent TSB: Discussion
11:30 am
Mr. Shane O'Sullivan:
That is the consideration. The Senator described it extremely well in terms of senior and junior debt. The only flaw in his example of a €200,000 mortgage is where he referred to senior debt of €150,000 and junior debt of €50,000. The actual figures are senior deb of €100,000 and junior debt of €100,000.
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