NAMA confirms senior bond redemptions of €3 billion
The National Asset Management Agency has confirmed that it has redeemed €3 billion in senior bonds, in line with a plan announced by the agency two weeks ago.
The National Asset Management Agency (NAMA) has confirmed that it has redeemed €3 billion in senior bonds, in line with a plan announced by the agency two weeks ago.
NAMA recently stated that it expects to redeem a similar amount before the end of 2014, assuming that planned asset and loan sales are completed satisfactorily.
The bonds were issued as consideration for the original loans acquired from the participating institutions in 2010 and 2012.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine