State could be left with "large portion" of Anglo loans - report

The state may be left with a “large portion” of former Anglo Irish Bank’s loans even as sovereign wealth funds, private-equity funds and banks circle the first assets for sale, said a report.

18th September, 2013
A large portion of former Anglo loans will still more than likely go to NAMA, said the liquidator of IBRC.

The state may be left with a “large portion” of former Anglo Irish Bank’s loans even as sovereign wealth funds, private-equity funds and banks circle the first assets for sale, said Kieran Wallace, joint liquidator of IBRC.

The first portfolio, codenamed Project Evergreen, has a par value of €3.5 billion, Wallace said in an interview in Dublin with Bloomberg News. Thirteen loans within the portfolio will be sold separately by the...

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