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Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Murphy: Many members believe that the State has been very short-changed by the IBRC although that is not the witnesses' concern; they are there to manage the national debt rather than the politics of it. Did today's auction relate to IBRC?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Murphy: I refer to the bondholders who, as of 2017, were to be paid €933 million. In terms of the outstanding claims for IBRC-----

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Mr. Conor O'Kelly: We do not have to wait until that stage. We put in a claim to IBRC and the banks, as members are aware. That scheme, which was introduced in March 2013, ended in March 2018. Under the scheme, the NTMA, on behalf of the State, claimed the interest and was paid the interest due by the banks. That has been completed and the auditors of those banks are completing...