Nama to redeem €1bn of bonds tomorrow
The National Asset Management Agency (Nama) has announced that it will redeem another €1bn of senior bonds tomorrow.
This brings to €8.6bn the amount of senior bonds redeemed to date in 2014 and to €16.1bn the amount of senior bonds redeemed since inception (53% of the amount originally issued).
Nama has now exceeded the cumulative 50% (€15.1bn) target it originally set for the end of 2016 and it has done so two years ahead of schedule.
