Discount for NAMA deepens

For those still catching up on their summer reading, here’s something from earlier in the week. Seems that the discount the Irish bad debt agency NAMA will be getting on its loan purchases is bigger than expected. Like, 72% for for loans from the Irish Nationwide Building Society. Oops.

As Alphaville says, “and you thought 62% for the second batch of AIB loans was bad…”

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