Oireachtas Joint and Select Committees
Thursday, 6 December 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Permanent TSB Mortgage Loans: Discussion
2:00 pm
Kieran O'Donnell (Fine Gael) | Oireachtas source
I need Mr. Crowley to help me to understand how Permanent TSB has structured this so the funding that is being provided to the vehicle is long-term in nature. We do not want a situation where Glenbeigh bondholders turn around and say, "We want our money back tomorrow", and suddenly the whole issue of setting up something as a long-term vehicle does not hold water. I need Mr. Crowley to help me to understand how the structure of Glenbeigh is long-term. What is the minimum and maximum duration of a bond?
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