At the Oireachtas Joint Committee on Finance and the Public Service on Tuesday 13th April, 2010, the NAMA CEO indicated that Anglo’s first tranche of loans would be transferred to NAMA in the “next 10 days”. Other than an article in yesterday’s Sunday Tribune which suggests that the Anglo estimated payment for the first tranche may be €4.5bn, and not €5.0bn previously estimated by NAMA, there has been no news. Are there unexpected problems?
With respect to the first tranche, the Tribune article claims that only BoI’s first tranche is “without issues” and apparently there are disputes in respect of the three other institutions. It is unclear whether the EU have approved the first tranche valuations.