herald

Sunday 17 December 2017

NAMA debt down €5bn

NAMA has paid a further €1.5bn of NAMA Bonds to banks and its total debt is now cut by €5bn.

The agency originally borrowed the money through the issuing of State-backed bonds to buy toxic property loans from the banks.

The banks will use the bulk of the funds to clear some of the €116bn they owe to the European Central Bank.

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