State set for €275m IBRC liquidation payout

The State is due to receive a €275m payout from the liquidation of the IBRC by the end of the year.

The latest update on the liquidation of IBRC — formed from the embers of Anglo and Irish Nationwide — shows that the special liquidators now expect to pay an interim dividend of 25% to unsecured creditors before the close of the year.

Among the list of unsecured creditors is the State which is owed €1.1bn.