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IBRC Liquidation

Dáil Éireann Debate, Wednesday - 17 September 2014

Wednesday, 17 September 2014

Questions (270)

Stephen Donnelly

Question:

270. Deputy Stephen S. Donnelly asked the Minister for Finance if any buyers of loans from Irish Bank Resolution Corporation have demanded and-or received 100% of par value loans soon after buying those loans at discounts from the Irish Bank Resolution Corporation; and if he will make a statement on the matter. [34251/14]

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Written answers

The Special Liquidators have been appointed to maximise the overall return for creditors in the liquidation including the Irish taxpayer. I am advised by the Special Liquidators that they are unable to comment on the intentions and/or on the subsequent actions of the third party purchasers of loan assets once the loan assets have been sold. 

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