Board index » The IRISH PROPERTY BUBBLE » NAMAwatch (Pt. I)

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 Post subject: NAMA wind up expected ahead of schedule
PostPosted: Wed Oct 22, 2014 9:17 am 
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http://www.rte.ie/news/2014/1022/653984-nama/

NAMA's Annual Statement 2015 can be viewed here
http://www.nama.ie/publications/archive ... _year=2014

Quote:
Arising from this, the Board set a revised debt redemption target: to redeem 80% of senior debt (a cumulative €24 billion) by the end of 2016. This revised target was endorsed by the Minister for Finance in July 2014 following the review of NAMA which he was required to conduct under Section 227 of the NAMA Act. Assuming that the revised end-2016 target can be achieved, the Board’s current best estimate is that NAMA can expect to complete much of its work by end-2017 or mid-2018.


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