Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Frank Daly:

The second is the subordinated debt, the €1.6 billion. We pay our own way. We have never been a drain on the State in terms of our own operating costs. They will all be paid. I suppose there are two other pieces. So on top of that, yes, there will be €1 billion.