Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Public Accounts Committee

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

9:00 am

Mr. Brendan McDonagh:

I would not accept that. The reality is that once we knew PIMCO was interested, we wanted to introduce competitive tension to the process and we wanted Lazard to go out and find counterparties that would put it up to PIMCO to pay for the portfolio.