03:55 PM EST, 12/09/2024 (MT Newswires) -- Goldman Sachs ( GS ) was hired by Balbec Capital to issue 800 million euros ($846 million) in Spanish mortgage bonds, Bloomberg reported Monday, citing people with knowledge of the matter.

The securitizations of varying risk and size will bundle loan portfolios Balbec purchased in the past three years from Spanish banks including Banco Sabadell and private equity firm Lone Star Funds, the report said.

Balbec plans to issue two residential mortgage-backed securities transactions, each valued at 400 million euros, the report said, citing some of the people.

Spokespeople for Balbec and Goldman declined to comment, Bloomberg reported.

Goldman and Balbec didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 595.64, Change: -4.04, Percent Change: -0.67