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The side of NAMA HQ
The side of NAMA HQ
Image: Leon Farrell/Photocall Ireland

NAMA redeems €750m in senior bonds from IBRC liquidation

It brings the total amount of these bonds redeemed to €1.75 billion.
Feb 3rd 2014, 11:50 AM 6,561 4

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.

December: NAMA meets ‘major milestone’ with redemption of €500m in senior bonds >

NTMA: Ireland’s post-bailout return to the bond markets raised €3.75 bn >

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Nicky Ryan

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