NAMA has made it clear that with each property asset under its control, it will pursue one of six options (1) Develop (2) Manage (3) Sell (4) Demolish (5) Mothball (6) Lease And in what Property Week is calling a UK “first”, NAMA is reportedly contracting Manse, a company which deals with distressed property and [...]
Archive for June 3rd, 2011
NAMA demonstrates its “manage” strategy in English development
Posted in Banks, Developers, NAMA, Non-Irish property on June 3, 2011 | 2 Comments »
GreekWatch (Day 10 of 13) – talks conclude “positively” without any detail forthcoming
Posted in Greece, IMF, Irish economy, Politics on June 3, 2011 | 2 Comments »
By the time this entry is completed, no doubt the IMF, European Commission and ECB review mission teams on the ground in Athens will have completed their work and issued a statement, but for now at least their work continues with much speculation that they will have finished today. Temperatures are rising in Athens, with [...]
When are bondholders in Irish banks due to be re-paid?
Posted in Banks, IMF, Irish economy, Politics on June 3, 2011 | 25 Comments »
Last Friday, a week ago, Anglo Irish Bank paid €200m to unsecured unguaranteed senior bondholders (XS0366099231, issued 27th May, 2008), redeeming their bonds at par, that is, without imposing any haircut. These bonds had been trading at 87c in the euro last December, 2010 according to the Irish Independent which would mean that an investor [...]
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Recent Posts
- Northern Ireland’s residential property price collapse – the worst in the world?
- Are we recovering?
- NAMA’s report and accounts for Q4,2011
- 30-minute guide to the ESM and Fiscal Compact treaties
- Fiscal Compact referendum – final weekly review
- NAMA in negotiations to build major new office block in central Dublin
- NAMA tackled about its protocols for the disposal of assets amid concern at Cork sale
- Of the Week..
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Recent Comments
JP on Northern Ireland’s residential… Jake Watts on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… gerhard dengler on Are we recovering? Twitter Updates
- @OwenCallan Thanks! How many negatives make for a downgrade, I suppose. An Taoiseach says it *will* be just one more. 1 hour ago
- Northern Ireland’s residential property price collapse – the worst in the world? wp.me/pNlCf-2Es 7 hours ago
- @brianmlucey @declanganley @GTCost The IRL experience is that some patients should be let die. 9 hours ago
- @joehas @declanganley @brianmlucey @GTCost I get the impression it's forcing itself back on the table after Bankia. 9 hours ago
- @declanganley @brianmlucey @GTCost You set up a NAMA to suck out the poison OR hope the patient fends for themselves OR let the patient die 9 hours ago
- @OwenCallan Hi Owen! Has any ratings agency said it *will* downgrade IRL if there is a no vote;All S&P said no wd be credit neg in s-term 11 hours ago
- PIIGS yields mixed;SPN/ITA up at 6.5/5.7% as Bankia gets €19bn bailout; what’s SPN for “cheapest bailout in history” wp.me/PNlCf-19r 15 hours ago
- @YJB57 You never know! Peter Mathews giving a candid assessment of the Compact before Thursday could just be this vote's black swan event. 16 hours ago
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