Written answers

Wednesday, 7 December 2011

Department of Finance

National Asset Management Agency

10:00 pm

Photo of Michelle MulherinMichelle Mulherin (Mayo, Fine Gael)
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Question 14: To ask the Minister for Finance the restrictions affecting the ability of the National Assets Management Agency companies and borrowers to re-finance with financial institutions and investors located outside this jurisdiction. [39169/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that there is no restriction on NAMA borrowers, whether they be individuals or companies, refinancing themselves with financial institutions and investors located outside this jurisdiction subject to the refinancing proposal being commercially viable from NAMA's perspective.

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