NAMA announces Senior Bond redemptions of €3 billion

The National Asset Management Agency (NAMA) has confirmed that it has redeemed €3 billion in Senior Bonds which were issued as consideration for the original loans acquired from the participating institutions in 2010 and 2012.  This redemption means that NAMA has redeemed a total of €10.5 billion in Senior Bonds to date.


  • NAMA paid consideration of €31.8 billion to the participating institutions when it acquired their loans in 2010 and 2011.
  • 95% of the consideration (€30.2 billion) was in the form of Senior Bonds guaranteed by the Minister for Finance and the residual 5% (€1.6 billion) was in the form of subordinated debt.
  • NAMA recently announced that this year, for the first time, it will be in a position to pay a coupon on the subordinated debt.