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11/10/2013
IBRC Loans Deadline Looms
Today is the deadline for bidders to submit offers to buy IBRC loans.
The lender, Anglo Irish Bank, now called the Irish Bank Resolution Corporation (IBRC), is in liquidation and selling loans to the sum of €3.5m.
Borrowers have been advised that their loans were to be put up for sale.
The borrowings relate to companies including Arnotts, the Racing Post, Topaz and Davy stockbrokers.
Minister for Finance Michael Noonan told the Dáil that the assets of IBRC would be valued independently.
Any assets that remain unsold will be sold to NAMA at the independent valuation.
The first tranche of loans on offer is thought to be made up of about fifty borrower groups.
(IT/CD)
The lender, Anglo Irish Bank, now called the Irish Bank Resolution Corporation (IBRC), is in liquidation and selling loans to the sum of €3.5m.
Borrowers have been advised that their loans were to be put up for sale.
The borrowings relate to companies including Arnotts, the Racing Post, Topaz and Davy stockbrokers.
Minister for Finance Michael Noonan told the Dáil that the assets of IBRC would be valued independently.
Any assets that remain unsold will be sold to NAMA at the independent valuation.
The first tranche of loans on offer is thought to be made up of about fifty borrower groups.
(IT/CD)
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