Project Eagle: On a wing and a profit
It was Nama’s escape route out of the North, but it may have come at a very heavy price – both financially and politically
It was Nama’s biggest ever deal when it went through: €5.7 billion worth of loans sold for €1.6 billion – a price €200 million less than the toxic loan agency paid the banks, as The Sunday Business Post reported in 2014. For Nama, it was a ticket out of the North, but at what price?
Here are some facts about Nama’s sale of Project Eagle.
Nama achieved a price which matched its minimum ...
