Nama redeems a further €750m in bonds

The National Asset Management Agency (Nama) redeemed a further €750m in senior bonds in relation to the €12.9bn floating rate charge over IBRC assets.

A total of €1.75bn has so far been redeemed following the €1bn bond redemption last year.

The special liquidators of IBRC are currently in the process of selling the loan books for the former Anglo Irish Bank. In an appearance before the Oireacthas Finance Committee two weeks ago, the Minister for Finance Michael Noonan said he expects between €5bn-€6bn par value debt to transfer to Nama.