Quinn lobbyists propose Government bond

PRO-Quinn Insurance (QIL) lobbyists have proposed the issuing of a Government bond as a way of raising the funding to facilitate its “return to normal trading”.

A spokesperson for Concerned Irish Business – the lobby group made up of a number of border-community firms – said the best solution is for “an institution to issue the required funding and the only way this can be achieved in the present financial climate is through the issue of a bond or surety from the Government”.

He added that this would facilitate QIL to return to normal trading and – over the next seven years – “generate the profits and potential company value to repay the Quinn family debt with Anglo Irish Bank, including interest”.