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Ireland’s NAMA To Repay €250M Of Bonds

Ireland’s National Asset Management Agency will pay back €250 million of bonds or senior securities in the next few weeks.

Ireland’s National Asset Management Agency (NAMA) will pay back €250 million of bonds or senior securities in the next few weeks, The Wall Street Journal reports. Until now, NAMA has issued €28.6 billion of senior securities as consideration to the participating institutions.

NAMA has recovered its investment on a bank loan with the sale of Dublin’s tallest commercial office building by Real Estate Opportunities to Google for €99.9 million. NAMA also approved the repayment of €49 million to the Minister for Finance on Feb. 17, 2011 and also authorized advances of €592 million for working capital purposes and to enable developments to be brought to completion.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from RTE News.

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