Dáil debates
Wednesday, 3 February 2010
Banking Sector Recapitalisation.
1:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
However, the whole point about the preference share arrangement is that it provided the taxpayers with an immediate return on that particular investment they made in Bank of Ireland and Allied Irish Banks. I believe the coupon was set at 8% and that particular coupon was a return to the pension fund from the institutions in question.
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