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BCS Barclays PLC

10.17
-0.08 (-0.78%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Barclays PLC NYSE:BCS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.08 -0.78% 10.17 10.295 10.155 10.19 21,807,125 01:00:00

Doral Announces a Sale of Mortgage Pass-Through Certificates

10/09/2014 1:07am

Dow Jones News


Barclays (NYSE:BCS)
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   By Josh Beckerman 
 

Doral Financial Corp. (DRL) said a subsidiary of its Doral Bank unit sold about $429.3 million of mortgage pass-through certificates to Barclays PLC (BCS, BARC.LN).

Doral Financial said the latest transaction is part of an asset-sale process that will "help Doral continue to progress by de-risking the bank, preserving capital and increasing liquidity."

The sale resulted in proceeds of about $423 million to Doral Bank.

Doral shares fell sharply in August when the company said settlement discussions with Puerto Rico's Department of the Treasury concerning disputed tax credits ended.

In late trading Tuesday, Doral shares were up 15% to $7.15.

Write to Josh Beckerman at josh.beckerman@wsj.com

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