Pearse Doherty (Donegal South West, Sinn Fein)
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Question 185: To ask the Minister for Finance further to Parliamentary Question Number 60 of 13 June 2012, if he will advise in relation to residential property, and apart from the National Assets Management Agency 80:20 Deferred Payment Initiative, the total value of deferred payments sanctioned by NAMA; the maximum length of time for which payment is deferred and the average interest rate charged on deferred payments. [31660/12]

Michael Noonan (Limerick City, Fine Gael)
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NAMA has advised me that the information sought by the Deputy is commercially sensitive me but also that the instances are few where NAMA has provided this facility. Disclosure of the information would undermine NAMA's future negotiation position in respect of the disposal of residential properties under the control of its debtors and receivers and could thereby reduce the realised proceeds for the Irish taxpayer from such sales. Full details of NAMA's 80:20 Deferred Payment Initiative are available on the Agency's website, www.nama.ie.