Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Public Accounts Committee
Bord na gCon - Annual Accounts 2011
11:00 am
Mr. Michael Murnane:
It is part of the agreement; a total of €12.5 million of the loan is part of an agreement that expires on 9 December 2016. This must remain as changed. It is the board's stated objective that it wants to reduce debt so we will put the remaining portion on capital repayment starting from 2014.