Oireachtas Joint and Select Committees
Thursday, 21 July 2016
Public Accounts Committee
2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015
9:00 am
Mr. Conor O'Kelly:
It can go on any part of the capital structure. If we want it risk adjusted, if a debt instrument works better, such as mezzanine financing, we will want to go down to the highest risk as little as possible. It will be a diversified portfolio across the capital structure and equity will be the lowest component.