Nama redeems a further €1 billion in debt

Nama said it has redeemed a further €1 billion in senior debt, its fourth redemption this year

Nama chief executive Brendan McDonagh

The National Asset Management Agency (Nama) said it has redeemed a further €1 billion in senior debt, its fourth redemption to date this year.

The agency has redeemed €22.1 billion of senior debt so far in 2015, or 73 per cent of the €30.2 billion of debt issued to acquire bank loans.

Nama aims to redeem at least 80 per cent of its senior debt by the end of 2016.

(Additional reporting by ...