116. Deputy Pearse Doherty asked the Minister for Finance further to a report in a Sunday newspaper that the National Asset Management Agency has agreed a substantial debt write-down on a loan that was made to a consortium of two companies developing Greystones Harbour, County Wicklow, if the loan in question was in default of any of its covenants including loan-to-value covenants, and if so, the basis on which NAMA agreed to any debt write-down arrangement with one party to the consortium; and the way in which such arrangement sits with section 172 of the NAMA Act [40307/12]

Summary

116. Deputy Pearse Doherty asked the Minister for Finance further to a report in a Sunday newspaper that the National Asset Management Agency has agreed a substantial debt write-down on a loan that was made to a consortium of two companies developing Greystones Harbour, County Wicklow, if the loan in question was in default of any of its covenants including loan-to-value covenants, and if so, the basis on which NAMA agreed to any debt write-down arrangement with one party to the consortium; and the way in which such arrangement sits with section 172 of the NAMA Act [40307/12]

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• NAMA Loan Write-Downs

  xml · EN · 25 September 2012

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