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According to the official documentation published by the Department of Finance, it is only the Exceptional Liquidity Assistance (ELA) Facility Deed that is being acquired with mention of the MLRA facility.
FORBES: Euro Exit Scenarios
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The other option would be for NAMA to also acquire the Exceptional Liquidity Assistance (ELA) MLRA and the pledged collateral from the Central Bank of Ireland but this has not yet been announced or stated in any of the documentation.
FORBES: Euro Exit Scenarios
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As you know and have written on extensively, the ELA debt for IBRC was administered in 3 contractual arrangements between IBRC and Central Bank of Ireland, the Master Loan Repurchase Agreement (MLRA), Special Master Loan Repurchase Agreement (SMRA) and the Facility Deed (FD).
FORBES: Euro Exit Scenarios