Lloyds shows sterling bid for Aus auto deals

Lloyds International has become the first ABS issuer to sell a sterling denominated deal backed by Australian assets, after pricing a A$552.75m ($591m) securitisation of auto loans last week.

  • 03 Jun 2011

The bank, which sold the deal through its Bella programme, pitched European investors with a A$360m ‘A2’ tranche, divided between sterling and Australian dollar notes.

The split was set at pricing, after Lloyds got enough demand for £120m and A$176m notes from seven accounts. Lloyds wants to issue ...

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3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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