NAMA redeems €1bn of senior bonds

NAMA has today redeemed another €1bn of its senior bonds, its first redemption of 2015.

NAMA redeems €1bn of senior bonds
Wed, 11 Mar, 2015 - 13:59

NAMA has today redeemed another €1bn of its senior bonds, its first redemption of 2015.

This brings to €17.6bn the amount of senior debt redeemed to date, 58% of the €30.2bn of senior debt originally issued in 2010 and 2011 to acquire bank loans.

NAMA’s target is to redeem at least 80% of its senior debt (€24bn) by the end of 2016.

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