Seán Fleming (Laois, Fianna Fail)
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We have asked NAMA time after time to provide us with documentary evidence that that board meeting was considering a 10% discount, which is the essence of NAMA's argument.

I wish to take the committee to table 7 at the very bottom of page 139 of the document with which we are dealing. The table deals with the PIMCO bid. In the document presented to the board by the assets recovery section, NAMA's net disposal forecast is compared with PIMCO's bid of €1.1 billion to €1.3 billion. The net present value is 5.5%.