State set for windfall as IBRC offloads €850m Nama bonds

The former Anglo Irish Bank is set to auction close to €850 million in junior Nama bonds.

Ian Kehoe - avatar

Ian Kehoe

29th June, 2014

The former Anglo Irish Bank is set to auction close to €850 million in junior Nama bonds, a move that could potentially generate a windfall of hundreds of millions of €for the exchequer.

The liquidators of the Irish Bank Resolution Corporation (IBRC) have hired Goodbody Stockbrokers to handle the sale of so-called subordinated debt' following a rally in its prices in recent months.

If the sales process is successful, it will further reduce the...

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