Dáil Éireann Debate, Wednesday - 30 September 2015
84. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 67 of 2 July 2015, if he will provide a breakdown, by category, of the number of Facility Letters or Agreements issued for each of the days 19, 20 and 21 January 2009. [33588/15]
View answerI am advised by the Special Liquidators that, following a review of the analysis previously undertaken by them in response to Parliamentary Question No. 67 of 2 July 2015, they have identified that 14 Facility Letters or Agreements, all of which were amendments to the terms and conditions of existing lending relationships, were issued by Anglo Irish Bank during the period 19 January 2009 to 21 January 2009. These are broken down as follows:
|
- |
19 January 2009 |
20 January 2009 |
21 January 2009 |
|
Number of facility letters issued |
8 |
5 |
1 |
|
Type of facility update: |
|||
|
Facility extensions |
7 |
4 |
1 |
|
Interest roll up |
5 |
2 |
1 |
|
Capitalisation of Interest, arrangement fees or arrears |
4 |
||
|
Additional funding |
1 |
||
|
Restructured commitments in respect of repayment schedules, covenants, interest rate margin, currency option or limit reduction |
1 |
1 |
1 |
Please note that that some facility letters issued contained a number of the amendments above.
The Special Liquidators have confirmed that Facility Letters or Agreements issued in the period followed the governance processes and Group Credit Policy in place at that time in Anglo Irish Bank.
