Ireland's bad bank to take last loans at 58 pct discount

DUBLIN, Nov 12 (Reuters) - Ireland's "bad bank" will take on a last tranche of loans from struggling lenders at a 58 percent discount to face value, according to the National Treasury Management Agency (NTMA). NAMA is likely to pay 30.7 billion euros for a final consideration of 73.6 billion euros, representing a 58 percent discount, NTMA in a statement. Dublin set up the National Asset Management Agency (NAMA) last year to cleanse lenders such as Bank of Ireland and Allied Irish Banks of shaky property loans with a total nominal worth of 81 billion euros. (Dublin newsroom) Keywords: IRELAND NAMA/ (;Reuters Messaging: COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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