Discounted Nama property loan book on market
Wind-down of risky debt accelerates as €6bn property portfolios go for sale
Nama plans to sell two portfolios of property loans with a face value of €6 billion as it winds down its stock of risky commercial property debt.
The loans will be split into two groups of €3 billion each and will be sold at a discount.
In 2009 Nama was given €74 billion of commercial real estate loans to sell over 10 years.
Last month, Nama chose a unit of Cerberus as the ...
