Thursday February 20, 2020

A race to beat the clock

If Nama hopes to bow out early, it must get rid of distressed assets before its Spanish counterparts start to sell theirs, writes Ian Kehoe.

26th October, 2014
Ian Kehoe.

In one sense, it all seems so simple. Buoyed by rising property prices and strong international demand in distressed Irish assets, Nama says it could potentially close out its function three years ahead of schedule.

This would involve winding down its remaining €17 billion loan book at breakneck pace, facilitating the full repayment of €31.8 billion it borrowed from the state to acquire shoddy loans off Irish banks.

It is certainly a compelling pitch. However,...

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