Profile: Project Eagle – Nama’s bête noire
The Project Eagle sale was rocked by leaks, political back-channelling and acrimony among bidders
Factfile
Age: Between five and seven years old
Appearance: Nama’s Northern Ireland loan portfolio
Newsworthiness: The Public Accounts Committee last week published a damning report into the sale of Project Eagle in 2014
In the beginning, they called it a “conceptual transaction”. By the time it had become a reality it was Project Eagle, the code name for Nama’s sale of over €5.6 billion worth of boomtime property debt.
The strange thing is ...
