112 Deputy Joan Burton asked the Minister for Finance if he, his Department officials, the National Treasury Management Agency, the National Asset Management Agency or the professional advisers at his disposal have carried out stress tests with respect to NAMA in terms of interest rate movements; if he will confirm that senior NAMA bonds will be short dated with a maturity of less than one year; his views on whether this poses a significant potential re-financing risk; the coupon rate at which he expects the initial NAMA bonds to be issued; the coupon rate at which NAMA would no longer break even, or have a negative annual cash flow; and if he will make a statement on the matter. [35653/09]

Summary

112 Deputy Joan Burton asked the Minister for Finance if he, his Department officials, the National Treasury Management Agency, the National Asset Management Agency or the professional advisers at his disposal have carried out stress tests with respect to NAMA in terms of interest rate movements; if he will confirm that senior NAMA bonds will be short dated with a maturity of less than one year; his views on whether this poses a significant potential re-financing risk; the coupon rate at which he expects the initial NAMA bonds to be issued; the coupon rate at which NAMA would no longer break even, or have a negative annual cash flow; and if he will make a statement on the matter. [35653/09]

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• National Asset Management Agency.

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