62% discount on Anglo second tranche
The National Asset Management Agency (NAMA) has completed the transfer of the second tranche of loans from Anglo Irish Bank with a discount of 61.9%.
Earlier reports had suggested that the discount would be 60-61% but the final figure was even higher.
The "haircut" on the first tranche of Anglo's loans was 55%.
NAMA has acquired loans with a nominal value of €6.75bn from Anglo Irish and issued the State-owned bank securities with a value of €2.57bn.
The "haircut" on the first tranche of Anglo's loans was 55%.
The acquisition of loans from Anglo Irish Bank concludes the second tranche of transfers from all five financial institutions covered by NAMA at a weighted average discount of 55.6%.
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