€600m windfall for IBRC after sale of Nama bonds

IBRC has netted close to €600 million after selling junior Nama bonds to a range of institutional investors.

Ian Kehoe - avatar

Ian Kehoe

5th October, 2014

IBRC, the former Anglo Irish Bank, has netted close to €600 million after selling junior Nama bonds to a range of institutional investors, including private equity giants CarVal and KKR.

The sale of the subordinated debt, which closed late last week, is a further boost to the exchequer. It also increases the potential dividend that the state will receive from the liquidation of the IBRC.

Apollo, the US equity fund, and BlueBay, the European investment...

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