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NAMA redeems a further €1bn of senior debt

NAMA says it has now redeemed 58% of all the senior debt issued in 2010 and 2011
NAMA says it has now redeemed 58% of all the senior debt issued in 2010 and 2011

The National Asset Management Agency says it has redeemed a further €1bn of its senior debt.

It is NAMA’s first redemption of the year and brings to €17.6bn the total amount of senior debt it has redeemed so far – representing 58% of what was originally issued.

The debt was issued by NAMA in 2010 and 2011 to acquire loans from Irish banks.