Dáil Éireann Debate, Tuesday - 16 April 2013
229. Deputy Kevin Humphreys asked the Minister for Finance if any attempts have been made in the last six months to sell the contingent capital instruments in AIB worth €1.6 billion and Permanent TSB worth €0.4 billion; the reaction from private investors to this; and if he will make a statement on the matter. [16199/13]
View answerAs the Deputy will be aware from previous statements I have made the State will seek to exit its various holdings (including the contingent capital instruments in AIB and Permanent TSB) at the appropriate time and when market conditions permit. On the back of the successful sale of the Bank of Ireland contingent capital instruments a number of investment banks and market intermediaries have, over the past few months, flagged potential market appetite for the remaining State contingent capital investments. My officials assess the merits of all market feedback received and consider the implications of that feedback for the objective of achieving the most favourable outcome for the taxpayer from all of the bank investments held by the State.
