Lloyds Banking Sells a Portfolio of Irish Mortgages to Goldman, CarVal -FT
December 02 2014 - 2:46PM
Dow Jones News
Lloyds Banking Group PLC (LLOY.LN, LYG) sold a 1.6 billion pound
($2.5 billion) mortgage portfolio to Goldman Sachs Group Inc. (GS)
and CarVal Investors, the Financial Times reported Tuesday.
The purchase price is slightly below 50% of the face value of
the underlying assets, the FT reported, citing people familiar with
the situation.
The portfolio includes commercial and buy-to-let residential
mortgages, the FT reported.
Website: www.ft.com
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