Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Ann Nolan:

Well, I suppose, you know, you had ... we were ... you see it in the next paragraph, we were looking for a single 40-year bond which would be perfect, but, obviously, it wasn't a realistic ... it was our negotiating position. Their negotiating position was shorter dated ... very short-dated Government bonds. The negotiation went on for a period. We ended up with, I think, a reasonably ... one that was certainly a lot closer to what we were looking for than what they were looking for. We ended up with a position which we were all happy with.