Dáil Éireann Debate, Tuesday - 18 September 2012
310. Deputy Pearse Doherty asked the Minister for Finance the quantum of fees paid to date by the National Asset Management Agency in respect of the State guarantee on €25 billion-plus of NAMA bonds; and if no such fees have been paid, the basis on which the State guarantee has been provided. [38532/12]
View answerI am informed by NAMA that no fees are payable arising from the State guarantee granted in respect of Senior Notes issued by NAMA. As the Deputy is aware NAMA was established in late 2009 as part of the Irish authorities' response to the financial crisis. It formed part of a wider set of measures taken to address the liquidity and solvency issues of systemically important Irish Banks. NAMA continues to make an effective and vigorous contribution to national recovery.
