Stephen Donnelly
Question:259. Deputy Stephen S. Donnelly asked the Minister for Finance the value of assets under management at the National Asset Management Agency. [34240/14]
View answerWednesday, 17 September 2014
Questions (259, 264)
Stephen Donnelly
Question:264. Deputy Stephen S. Donnelly asked the Minister for Finance the value of assets controlled by the National Asset Management Agency, in both NAMA and par value terms; the value of assets that NAMA would need dispose of by the end of 2016, to meet its recently announced internal target of disposing of at least 80% of assets by the end of 2016; and if he will make a statement on the matter. [34245/14]
View answerWritten answers
I propose to take Questions Nos. 259 and 264 together.
I am advised by NAMA that the value of NAMA loans and receivables at end-June 2014 was €15.3 billion.
NAMA has indicated that it will have redeemed 50% (equivalent to €15 billion) of its bonds by end 2014 and it proposes to redeem 80% of its senior debt by 2016. It is a matter for NAMA, by reference to its independent commercial mandate, to determine how best to meet this target.