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TODAY IS THE deadline for bidders to submit their offers to buy IBRC loans.
The loans were issued by Anglo Irish Bank, now called the Irish Bank Resolution Corporation (IBRC), which is in liquidation and therefore selling its loans which have a value of €3.5 billion.
Irish companies
At the time of liquidation, borrowers were advised that their loans were to be put up for sale. These includes loans from the likes of Arnotts, Topaz and TV3.
Minister for Finance Michael Noonan said in the Dáil that the assets of IBRC would be valued independently before being sold and any assets that are not sold to third parties will be sold to NAMA at the independent valuation.
According to business advisors and chartered accountants Cooney Carey, the first tranche of loans on offer is made up of about fifty borrower groups. They state that bidders in the process are anonymous.
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num6. Stephen u are doing really good work on ur owen. please dont join that shower of wasters. after what they let happen to our Country.
As sure as night follows day the sad fact is FF will be back in power at the next election.
we get the leaders we deserve.
I could never see people rushing to the polls to vote for FF but I also could not see the country vote to keep the Seanad in there sleeping bags in the dail
have your say