Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

10:00 am

Mr. Brian McEnery:

I am trying to find out the date of the section 227 report. That, in itself, alludes to the market in terms of discount factors. It says that the discount factors were being used and so it says: "Market intelligence would suggest that the target returns of buyers have tempered over time, declining from the high teens (16-19% levered return) to the mid to low teens (11-14%) depending upon the asset class."