Nama to redeem another €500m of senior bonds

The National Asset Management Agency is to redeem another €500m of senior bonds — bringing its cumulative debt redemption to more than €16bn.

Nama has now redeemed a total of €16.6bn, or 55%, of the senior debt issued by the agency in the midst of the financial crisis in 2009 to acquire loans.

Yesterday’s announcement means Nama has now repaid €9.1bn in senior debt this year.