Oireachtas Joint and Select Committees

Tuesday, 22 November 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. Patrick Long:

Yes. The fact that I am here today is a reflection of that. There were certainly some challenges. A point I made earlier was that this was not viewed by the market as being a particularly attractive portfolio. There were not that many people out there who wanted to buy the entirety of NAMA's Northern Ireland debtor portfolio in a single transaction. Fortunately, there were several parties who were sufficiently interested in the transaction to take part in the process and the process achieved a successful sale.