Dáil Éireann Debate, Tuesday - 15 April 2014
180. Deputy Stephen S. Donnelly asked the Minister for Finance further to Parliamentary Question No. 59 of 4 March 2014, the total par value of loans covered by the 33 borrower groups that have or will be offered for sale; the total par value of the loans covered by the 33 borrower groups that have been sold to date; and the total sale proceeds that will be received for the loans sold to date. [17564/14]
View answer181. Deputy Stephen S. Donnelly asked the Minister for Finance further to Parliamentary Question No. 59 of 4 March 2014, the total par value of loans covered by the 33 borrower groups that have now been sold to parties who would have been precluded from purchasing the loans; and if section 172 of the National Asset Management Agency Act 2009 had been adopted for the disposal of Irish Bank Resolution Corporation loans. [17565/14]
View answerI propose to take Questions Nos. 180 and 181 together.
The Special Liquidators are winding up IBRC in accordance with the IBRC Act, 2013 and the Companies Acts, although the IBRC Act has modified or disapplied some provisions of the Companies Acts. I have been advised by the Special Liquidators that the total par value of the Borrower Groups which were offered for sale on a standalone basis is €5.1bn. The sales process for these particular Groups is now complete and it is expected that 4 of the Borrower Groups, with a par value of €0.64bn, will transfer to NAMA. The Special Liquidators will not be providing information as to the sales proceeds received in respect of the loan sales process as this is commercially sensitive information.
