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.

  • By Owen Sanderson
  • 26 Oct 2017

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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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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3 Wells Fargo Securities 81,904.68 250 9.53%
4 JPMorgan 62,040.18 194 7.22%
5 Credit Suisse 44,939.65 139 5.23%