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NTMA eyes new funds

THE National Treasury Management Agency may issue some additional debt before the end of the year, its chief executive said. John Corrigan's comments follow the €5bn bond issue that covered nearly all of the country's 2013 funding needs.

"We will aim to have between 12-15 months of funding come the end of December done," the NTMA chief said.

NAMA is set to sell off the site of a proposed project to build North America's tallest residential building in Chicago.

The agency is selling off a bad loan made to Dublin-based Shelbourne Development Group.

First-round bids are due in April. Jones Lang LaSalle Inc is marketing the loan, which has a balance of $92.8m (€71.2m).