Denis Naughten â€˜broke rules over dinner with bidderâ€™ | Ireland | The Times says murphy heres the Communication Protocol between DCCAE and External Stakeholders you decide https://www.dccae.gov.ie/documents/NBP Communications Protocol 010916.pdf
General communications outside of the NBP Team
As a general matter, members of the NBP Team shall not discuss or communicate in any way
matters relating t
o the procurement outside of the NBP Team/Programme hierarchy.
Any discussions or communications relating to the NBP procurement process that do take
place (and cannot reasonably be avoided) should be wholly limited to information that is in
the public d
omain (e.g. the published strategy and reports available on the DCCAE website).
Just say what you're trying to say!Naughtenâ€™s rule breach confirmed | Ireland | The Times
I don't get this, forget Naughten why were the civil servants doing something that was breach of the rules? according to the Times?
the 26th of June meeting was in his diary and minuted
Agenda Archive TheStory.ie
can't post pictures pf minutes as its telling me its making the post too long
Will Goodbody on Twitter:
If true, how long will it take to play out?Why doesn't Denis be done with this monstrously expensive 3 billion debt and the pesky bondholders, that is costing him over 250 million a year in interest alone?
Just pay it off out of the 5 billion Nick Webb tells us each year Denis is worth?
Dinny wants to shove out the maturity of 3 billion of Digicel debt due in 2020 a further three years, presumably because (based on any reading of their balance sheet), they will not be able to repay it.If true, how long will it take to play out?
It would be surprising if the bondholders had not done an analysis of the breakup value of Digicel. Right now, they are on a sinking boat. There's also the fact that these bonds are not US bonds, from what I remember, and not subject to many of the same restrictions as US based bonds. (If I understood it correctly.) It looks like these bonds are not repayable within the agreed timeframe and Digicel is trying hard to get an extension before being forced into some kind of default on them. Perhaps the bondholders no longer have any confidence in O'Brien and the whole dividends issue has caused long-term problems for the company. The sale of assets to cover debts was also worrying. (Selling off telecom towers etc.)If true, how long will it take to play out?
Indo will spin it as such, but to me at least, based on the dire pricing of these bonds (currently about 60c in the dollar), his biggest advantage may be how bad things are and bondholders have no choice but to extend
So, on balance, is that good news for him? More rope, anyway?Indo will spin it as such, but to me at least, based on the dire pricing of these bonds (currently about 60c in the dollar), his biggest advantage may be how bad things are and bondholders have no choice but to extend