DUBLIN Feb 8 Ireland's state-run "bad bank" has
redeemed a further 1.09 billion euros of senior bonds, it said
on Wednesday, cutting its outstanding senior debt to 5 percent
of the total it originally issued during the financial crisis.
The National Asset Management Agency (NAMA), which paid 31.8
billion euros to rid local banks of 74 billion worth of risky
property loans from 2010, said it remained firmly on target to
clear all its remaining senior debt by the end of 2017.
It reiterated last month that it expects to return a
lifetime profit of 2.3 billion euros to the government from its
loan and property sales.
(Reporting by Padraic Halpin, editing by David Evans)