Results 13,901-13,920 of 26,081 for speaker:Kieran O'Donnell

Seanad: Order of Business (5 Dec 2018)

Kieran O'Donnell: Senator Leyden is a bit slow off the mark there. He was going on about his licence.

Seanad: Order of Business (5 Dec 2018)

Kieran O'Donnell: He was more interested in his licence fee than his colleague.

Seanad: Order of Business (5 Dec 2018)

Kieran O'Donnell: Can I finish?

Seanad: Order of Business (5 Dec 2018)

Kieran O'Donnell: I will finish the point.

Seanad: Order of Business (5 Dec 2018)

Kieran O'Donnell: Senator Feighan is universally liked

Seanad: Order of Business (5 Dec 2018)

Kieran O'Donnell: It is nice to see one of the good guys getting a proper break. Senator Feighan is a lucky man. I hope he appreciates the wife he has. On a human level, I wish him, Elaine and Francesca well. It is a good day for all of us.

Seanad: Finance Bill 2018: Committee Stage (5 Dec 2018)

Kieran O'Donnell: High-street bookmakers have approached Members in respect of the betting levy.I very much welcome the fact that the Minister is committed to carrying out a review. I would expect there will be engagement between the finance committee and the representative bodies to examine the measure. There are times when one needs an overarching view of a particular measure or of a particular sector....

Seanad: Finance Bill 2018: Committee Stage (5 Dec 2018)

Kieran O'Donnell: By way of observation, we could have an unintended consequence with this measure in that it may bring about an increase in rents. If one is giving tax relief one may find it being exploited with rents being increased. Furthermore, the supply issue is the key one in dealing with rents. The whole issue of rent pressure zones is an evolving one that has to be reviewed on an ongoing basis to...

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Kieran O'Donnell: I welcome the Minister of State to the House to discuss this Bill, which is welcome. I acknowledge his commitment that when the Bill goes through, a commencement order will be signed as quickly as possible. It should brought through the House as quickly as possible. If possible, we should deal with the other sections of the Bill within the time available. There was a weakness in that the...

Seanad: Commencement Matters: State Airports (6 Dec 2018)

Kieran O'Donnell: I thank the Minister for Transport, Tourism and Sport, Deputy Ross, for taking time out of his extremely busy schedule to accommodate me with this Commencement matter. As he is aware, I have raised previously the issue that Shannon Airport is the only international airport in the country without a European hub. I am framing this debate specifically in the context of Brexit. Shannon...

Seanad: Commencement Matters: State Airports (6 Dec 2018)

Kieran O'Donnell: I thank the Minister. I welcome his commitment to examine the proposal submitted to his Department last Friday by Shannon Group on the need for a strategic route development fund as a contingency plan in the context of Brexit. This is about contingency planning now but it may become a reality very soon. In that regard, it is about preparation. We cannot have a situation arising where the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: I welcome Mr. Masding, Mr. Ryan and their colleagues. I wish to speak about Glenbeigh and its structure in the prospectus. Is it an Irish-registered entity? Who are the shareholders? How does the board work? What rate of return was it offering to potential investors? Why has Permanent TSB retained the 5% rate? I am trying to find out why this was set up and how it works. In the event...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: What is the term of the bonds under the prospectus?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: In regard to the securitisation and the bonds, are they of varying duration or are they all of similar duration?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: I need Mr. Crowley to help me to understand how Permanent TSB has structured this so the funding that is being provided to the vehicle is long-term in nature. We do not want a situation where Glenbeigh bondholders turn around and say, "We want our money back tomorrow", and suddenly the whole issue of setting up something as a long-term vehicle does not hold water. I need Mr. Crowley to help...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: I am dealing purely with the money provided to Glenbeigh. The year 2057 is almost 40 years away. What is the minimum duration of a bond under the prospectus?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: How much in total is Glenbeigh raising by way of bonds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: Will Mr. Crowley give me a breakdown of when the six-year loans have to be repaid? What percentage are six-year bonds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: I accept that. Legally, the minimum duration of a bond is six years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Kieran O'Donnell: What percentage of the €900 million is six-year bonds? Can Mr. Crowley give me a breakdown as to whether, say, half of it is a bond that matures in 20 years? I need to get a handle on that.