Private equity funds eye up performing IBRC loans

Debtors worried as international funds circle, writes Samantha McCaughren.

25th May, 2013
Mitt Romney: Bain Capital said to be interested in IBRC loans.

Concerns over the fate of Irish Banking Resolution Corporation (IBRC) loans are running high among business borrowers as private equity funds circle performing loans in the portfolio.

It has been announced that a set of criteria will be established to govern who can buy the debt as the bank is liquidated, but the lack of precise detail has left many customers of IBRC in limbo.

Borrowers told *The Sunday Business Post *that refinancing debt with...

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