Rabobank has agreed the sale of its remaining stock of Irish loans to distressed debt investors Goldman Sachs, CarVal and Cabot for €800m. Rabobank has agreed the sale of its remaining stock of Irish loans to distressed debt investors Goldman Sachs, CarVal and Cabot for €800m. It is understood the loans are a mix of residential mortgages, farm loans, business debt and consumer credit, and have been sold at a steep discount. The face value of what’s owed is understood to be around €3bn but had been written down below €800m by the bank itself. The Dutch lender said it has sold its portfolio of secured Irish loans formerly owned by ACC Loan Management (ACC) to a consortium of Goldman Sachs and CarVal Investors.

Source: Irish Independent April 12, 2019 16:30 UTC