Dáil Éireann Debate, Tuesday - 6 October 2009
260 Deputy Richard Bruton asked the Minister for Finance the value of debt service payments made in the past 12 months on the €77 billion which it is proposed will be purchased; the value of interest, of repayments of capital, of roll-up interest; and if he will provide the information in respect of the loan values being transferred from each of the respective banks. [33232/09]
View answerInformation provided by me during the Second Stage debate on the Bill included the fact that, of the total portfolio value of €77 billion, €9 billion accounted for rolled up interest. I also indicated that, based on information provided by the relevant institutions, about 40% of the assets were cash-flow producing.
It is expected that the securities issued to purchase assets from the participating institutions will be linked to six-month Euribor. Based on information provided by the institutions it is expected that the cash-flow outlined above will be sufficient to cover NAMA's obligations including interest payments.
The detailed figures that the Deputy has requested will not be available until a loan by loan assessment has been completed.
