Goldman Said to Win $6 Billion Mortgage-Bond Trade
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Goldman Sachs Group Inc. is offering U.S. home-loan bonds without government backing to investors after acquiring about $6 billion in a single trade this month, according to three people familiar with the matter.
The most-profitable securities firm in Wall Street history won bidding for the debt after a limited competition that also included Morgan Stanley, according to the people who declined to be identified because the transaction was private. State Street Corp. sold the notes, possibly on behalf of a customer, the people said.