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The side of NAMA HQ Leon Farrell/Photocall Ireland
Money Money Money
NAMA redeems €750m in senior bonds from IBRC liquidation
It brings the total amount of these bonds redeemed to €1.75 billion.
THE NATIONAL ASSET Management Agency (NAMA) has redeemed a further €750 million in IBRC-linked senior bonds.
These were issued as consideration when NAMA purchased from the Irish Bank Resolution Corporation’s floating charge in 2013 from the Central Bank.
€1 billion worth of these bonds were redeemed last year, which brings the total amount to €1.75 billion.
A similar event last year marked NAMA reaching its “first major milestone”, redeeming €7.5 billion of senior bonds by the end of 2013.
Today’s bond redemption brings the remaining amount of bonds issued to the Central Bank €11.18 billion, down from €12.93 billion.
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