Stephen Donnelly (Wicklow, Independent)
Link to this: Individually | In context | Oireachtas source

196. To ask the Minister for Finance further to the recent announcement by the National Asset Management Agency of its decision to sell its entire portfolio of loans linked to Northern Irish borrowers, if he will confirm if this sale has now been concluded; and if he will outline the legacy connection the National Asset Management Agency has with Northern Ireland. [26059/14]

Stephen Donnelly (Wicklow, Independent)
Link to this: Individually | In context | Oireachtas source

197. To ask the Minister for Finance further to the recent announcement by the National Asset Management Agency of its decision to sell its entire portfolio of loans linked to Northern Irish borrowers, what will happen to properties, particularly those listed in the enforced property section of the NAMA website, to which NAMA has had receivers or similar appointed. [26060/14]

Stephen Donnelly (Wicklow, Independent)
Link to this: Individually | In context | Oireachtas source

198. To ask the Minister for Finance further to the recent announcement by the National Asset Management Agency of its decision to sell its entire portfolio of loans linked to Northern Irish borrowers, what will happen to developments in which NAMA has previously announced and or provided investment. [26061/14]

Stephen Donnelly (Wicklow, Independent)
Link to this: Individually | In context | Oireachtas source

199. To ask the Minister for Finance further to the recent announcement by the National Asset Management Agency of its decision to sell its entire portfolio of loans linked to Northern Irish borrowers, the position with ongoing litigation with Northern Irish borrowers where NAMA is a party to that litigation; and if he will make a statement on the matter. [26062/14]

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

I propose to take Questions Nos. 196 to 199, inclusive, together.

I am advised that the sale by NAMA of the Project Eagle portfolio of loans to affiliates of Cerberus Capital Management, L.P. has not yet completed and remains subject to contract.  Following the completion of this transaction, NAMA will have a relatively minor exposure as a secured lender to property assets in Northern Ireland, comprising mainly assets owned by debtors from the Republic of Ireland and Britain.  As with all NAMA loan sales, decisions relating to loans in the Project Eagle portfolio, including decisions in respect of the underlying collateral held by a debtor or receiver and any associated cases taken by NAMA, are expected to become matters for the new loan note holder. All matters relating to the portfolio of loans, including those set out in the Deputy's questions, are being discussed as part of the closing process and it would be inappropriate for me to comment further at this time.