Nama comes in well ahead of target on senior bonds

Nama has redeemed half of the senior bonds it issued, putting it two years ahead of schedule.

According to its 2014 end-of-year statement, the National Asset Management Agency (Nama) redeemed €16.6bn of its senior bonds by the end of last year, which is 55% of all senior bonds.

The original target was to redeem half of all Nama’s senior bonds by the end of 2016.