Nama redeems €1.09bn of Senior Notes
The National Asset Management Agency (Nama) has redeemed €1.09bn of Senior Notes today, its first redemption in 2017.
This brings to €28.69bn the amount of senior debt redeemed to date, representing 95% of the €30.2bn of senior debt originally issued in 2010 and 2011 to acquire bank loans.
Nama’s senior debt now stands at €1.5bn, 5% of its original level.
The agency says that it remains "firmly on course, subject to market conditions", to meet its ultimate target of redeeming all of its senior debt by end-2017.
