NAMA says financing of €3.1 bln loan extended

The National Asset Management Agency's (NAMA) short-term financing of a €3 billion government bond held by Irish Bank Resolution Corp (IBRC) has been extended to June.

30th May, 2012
NAMA extends loan financing to June

The National Asset Management Agency's (NAMA) short-term financing of a €3 billion government bond held by Irish Bank Resolution Corp (IBRC) has been extended to June.

Finance minister Michael Noonan directed NAMA to temporarily finance the bond before entering a longer-term refinancing arrangement with Bank of Ireland.

While the current facility between NAMA and IBRC is due to expire today after 60 days, the facility has been extended to June 20th, a NAMA spokesman told...

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