Goldman and Pimco win hotly contested Danske book
Goldman Sachs and Pimco have won the bidding war for a €1.8bn book of Irish tracker mortgages owned by Danske Bank, a deal which could deliver one of the largest post-crisis securitizations from the country if taken out in the public market.
Danske confirmed it had entered a binding contract with Proteus Funding DAC, an entity financed by Goldman Sachs Lending Partners, on Wednesday, for an undisclosed sale price.
Reports, however, suggest the book traded for around 95c, having been talked closer to 90c in September. The book features performing
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