Oireachtas Joint and Select Committees
Tuesday, 25 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. Donal Rooney:
To avoid confusion, if one is going to come up with an estimate of realisable value or work out value, in other words, what NAMA might have realised had it held onto the portfolio and not sold it, one would go through the same methodology, consider the plain simple cash flows from the portfolio and apply an appropriate discount rate to those cash flows, which we do not believe is 5.5%.