Welcome to the September edition of our Distressed Assets e-zine. This month we report on a High Court victory for NAMA in enforcing its security over assets of one of its largest borrowers, Treasury Holdings. We also bring you news of the State’s announcement of its intention to sell the National Lottery licence. We also provide an update on recent disposals of interest including IBRC’s $225m-loan secured on the Apthorp apartment building in Manhattan, Sean Quinn’s Belfry Golf Resort and a €600m Irish residential loan book from GE Capital. Finally, we report on the State’s surprise return to the Bond market indicating a welcome sign of confidence in Ireland’s economic recovery.
We hope you find this edition of our Distressed Assets e-zine informative. For further information, please contact our Distressed Assets Group.
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