Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context

Question 75: To ask the Minister for Finance further to Parliamentary Question No. 207 of 22 May 2012, if he will advise the number of the 4,000 vacant residential dwellings that are currently habitable; the number of the 4,000 dwellings that are habitable and currently being marketed for sale or rent; the reason habitable homes would be kept vacant and off the rental or sale market by the National Assets Management Agency. [26574/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

I am advised by NAMA the units to which the Deputy refers are under the control of NAMA debtors and receivers and I understand that the further breakdown sought by the Deputy is not currently available. As I stated in my response of 22 May {PQ 24849/12}, NAMA is currently engaged in an extensive analyses of the residential portfolio under the control of its debtors and receivers and this is expected to continue for some time. I reiterate that NAMA's policy is to ensure that all residential units controlled by its debtors and receivers are made available either for sale or rental at the earliest possible opportunity.

Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context

Question 76: To ask the Minister for Finance further to Parliamentary Question No. 205 of 22 may 2012, if he will clarify the maturity time period of the Government bond issued to the National Assets Management Agency; if the bond is a 90 day maturity, maturing on 30 June, not May as the Parliamentary Question response stated or is it a shorter maturity date; and if he will confirm that the rest of the response is accurate. [26587/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

I would like to thank the Deputy for the opportunity to clarify the statement made as part of the response to PQ 24847.12. As per my direction to NAMA in accordance with Section 14 of the NAMA Act 2009, the maximum maturity allowable on the Bond in question was 90 days. The €3.06 billion facility was drawn on the 3rd April 2012.

However, as the Agency had been directed to enter a commercial transaction they were free to agree any terms within the parameters set out in my direction. In this instance I am advised that the Agency decided that the initial maturity date would be 30th May 2012.

I am also advised that the Agency rolled the Bond over on 30 May 2012 as the Bank of Ireland shareholders have yet to approve the main transaction in this process. The new maturity date of the latest NAMA / IBRC bond is 20th June 2012, which is within the 90 day maximum maturity provided for in my direction.