Lloyds sells £3bn of risk from housing association book

Lloyds sells £3bn of risk from housing association book

Owen Sanderson

October 28, 2019 04:15 PM

Lloyds — London, United Kingdom. 27th January 2014 -- A Lloyds bank branch in financial district of London. -- Lloyds banking group is facing a compensation bill after thousands of its customers were unable to use their debit cards at ATM cashpoints or make transactions as a result of an IT computer crash on Sunday for between three and four hours. Lloyds Bank Faces Customer Compensation After Computer Crash | Amer Ghazzal / Demotix/Demotix/Press Association Images

Lloyds Bank has sold the first loss piece of a £3.2bn housing association loan portfolio to four specialist investors, in one of the longest maturity risk transfer deals of recent years.

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Topics

Syndicated Loans Lloyds Bank Securitization - CLOs UK EMEA Corporate Bonds Structured Bonds Securitization LevFin Leveraged Loans LevFin - CLOs Europe SRI

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Owen Sanderson