Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
4:40 pm
Michael McGrath (Cork South Central, Fianna Fail)
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I would like to ask about the methodology that is being used to sell the loan book and to divide it into four separate bundles. Are there any standard discounts that are applying? Is it all essentially a function of the bidding process? Do any standard discounts apply in the prospectus and in the way these have been marketed?