Ireland's 'bad bank' says redeemed 85 percent of senior debt

June 22, 2016 2:18 PM

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DUBLIN, June 22 Ireland's state-run "bad bank" has redeemed a further 1 billion euros ($1.13 billion) of senior debt, it said on Wednesday, bring to 85 percent the total of its 30.2 billion euros of senior bonds it has paid back to date.

The National Asset Management Agency (NAMA), which earlier this month raised its lifetime profit forecast to 2.3 billion euros, said it remained on course to redeem all of its senior debt by 2018.

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