Oireachtas Joint and Select Committees

Tuesday, 9 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB

Mr. Declan Dolan:

Instead of selling the notes to the market at the final stage, we kept them ourselves on balance sheet and pledged those notes to the ECB as collateral in return for the cash.

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