Written answers
Tuesday, 13 December 2022
Department of Finance
National Asset Management Agency
Catherine Murphy (Kildare North, Social Democrats)
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245. To ask the Minister for Finance if he will provide a schedule of transactions and-or auctions that a company (details supplied) was involved in, in respect of IBRC's holding of National Asset Management Agency, NAMA, junior bonds in 2014 and 2015. [61970/22]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Special Liquidators have advised me that Goodbody provided sales advisory services to Irish Bank Resolution Corporation Limited (In Special Liquidation) (“IBRC”) in relation to IBRC’s holding of NAMA subordinated bonds in 2014. They were not engaged in 2015 as all of IBRC’s holdings of the bonds were sold in 2014. I am advised by the Special Liquidators that they are precluded from providing details of the transactions and the identity of purchasers as these details are commercially sensitive.
Catherine Murphy (Kildare North, Social Democrats)
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246. To ask the Minister for Finance if he will provide a schedule of the companies that acquired IBRC's holding of NAMA junior bonds in 2014 and 2015. [61971/22]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Special Liquidators have informed me, as Minister for Finance, that the identity of the purchasers of IBRC’s holding of the NAMA subordinated bonds in 2014 is commercially sensitive and confidential.
Catherine Murphy (Kildare North, Social Democrats)
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247. To ask the Minister for Finance if he will provide the date on which and the time that his Department and-or the former Minister for Finance was first notified by a company (details supplied) of the most likely pricing range that could be achieved in the auction of IBRC's holding of NAMA junior bonds. [61972/22]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Special Liquidators have advised me, as Minister for Finance, that Goodbody advised the Special Liquidators of Irish Bank Resolution Corporation Limited (In Special Liquidation) of the bids received on the NAMA subordinated bonds following the sales process on 23 September 2014. The total realisation amount was communicated to the Department of Finance shortly thereafter.
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