Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

4:10 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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I thought Mr. McDonagh would know this off the top of his head. The most important figure for us is how much the agency paid for the assets it sold. The gap between the purchase price and the sale price is what matters. The other factor that matters, which brings me to Deputy O'Donnell's second point, is the total realised sale price versus a nominal optimal sale price, which is something we rely on the Comptroller and Auditor General to look into because we do not know. I have the greatest respect for what Mr. McDonagh is doing but I am surprised he does not know that figure. It is the most important one for us. I did not mean to try to catch him out.

What interest rate is the agency paying on its senior debt?