Nama deal plans to give up to €60bn to banks

The government plans to issue close to €60 billion in government bonds in return for the €90 billion property loans it will take from the banks, in a move that will spark major political controversy this week.

12th September, 2009

The government plans to issue close to €60 billion in government bonds in return for the €90 billion property loans it will take from the banks, in a move that will spark major political controversy this week.

A small portion of the €60 billion will be in special subordinated bonds, which will only pay out to the banks under certain conditions.

The financial details on Nama, to be announced by finance minister Brian Lenihan on...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago