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THE NATIONAL ASSET Management Agency (NAMA) has redeemed a further €750 million in IBRC-linked senior bonds.
These were issued as consideration when NAMA purchased from the Irish Bank Resolution Corporation’s floating charge in 2013 from the Central Bank.
€1 billion worth of these bonds were redeemed last year, which brings the total amount to €1.75 billion.
A similar event last year marked NAMA reaching its “first major milestone”, redeeming €7.5 billion of senior bonds by the end of 2013.
Today’s bond redemption brings the remaining amount of bonds issued to the Central Bank €11.18 billion, down from €12.93 billion.
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like most of the developers can we not have NAMA re-registered in the Isle of Man and shrug our shoulders if anyone comes looking for money.
I just read that Frank Daly is in discussion with Michael Noonan looking for payment of bonuses to key staff as outsiders are headhunting them. Will they pay out or obey the cap on public sector pay? Will the staff go if they don’t? 132 earning up to 100k. 88are on 100-200k 2 are 200-300k and 2 more up to 400k.
Cillian? Where are you? Surely you can get another gripe in here?
lol.
I thought a FF craic addict like yourself would stay well away from stories about Anglo Irish.
have your say