Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

We are working towards that we will have enough assets realised that we will have paid off our senior debt by probably early 2018, potentially in 2017, if we have a really good wind behind us, as we've had for the last 18 months. And then we have the sub-debt, and the first repayment date on the sub-debt is 1 March 2020 and, you know, as we've said, we are very confident as of today of where we stand. Obviously if market conditions can change, that we'd pay off the senior and sub-debt and we'd generate a surplus for the taxpayer.