NAMA redeems a further €1 billion in Senior Debt, bringing total amount redeemed to 85%

The National Asset Management Agency (NAMA) has redeemed a further €1 billion of Senior Notes today (Wednesday 22nd June 2016), its second redemption in 2016.  This brings to €25.6 billion the amount of senior debt redeemed to date, representing 85% of the €30.2 billion of senior debt originally issued in 2010 and 2011 to acquire bank loans. 

Today’s redemption means NAMA’s senior debt now stands at €4.6 billion, less than one-sixth of its peak level. The agency remains on course to meet its ultimate target of redeeming all of its senior debt by 2018.