IBRC Liquidation

Dáil Éireann Debate, Tuesday - 27 May 2014

Tuesday, 27 May 2014

Questions (132)

Stephen Donnelly

Question:

132. Deputy Stephen S. Donnelly asked the Minister for Finance if the special liquidators of the Irish Bank Resolution Corporation managed to achieve sale prices for any of the circa €22 billion of par value loans that were recently offered for sale, which were in excess of the par value of the loans in question; and if he will make a statement on the matter. [22847/14]

Written answers

Minister for Finance

I have been advised that the Special Liquidators will not be providing the information requested as it is considered commercially sensitive financial information. As a general comment however I understand  that the majority of loan documentation permits a maximum recovery of outstanding par debt plus interest and fees.