Monday, 14 January 2013

Promissory Notes: Any old deal won't do

Tom McDonnell: There is a real risk that any old deal in advance of the 31 March payment will be hailed as a victory after the failure to get a deal on the promissory notes last year. No matter how bad the deal actually is.

In that context Nama Wine Lake provides a quick overview here of what would and wouldn't constitute a deal. Just eleven weeks to go.


NAMAwinelake said...

Would stress that the NWL analysis is really aimed at getting the ball rolling so that we don't end up scratching our heads if and when any deal is announced wondering of the new arrangement is better than the old one. In a nutshell, it is suggested that the present value of net outflows from the State to pay for the infernal Promissory Notes should be the means of determining of determining if a new deal is better or not, and by how much.

Feel free to come up with your own evaluation methodology!

Tom Healy said...

with a Spreadsheet in one hand and a dictionary to financial terms in the other!