Post-LTRO buybacks continue apace with Lloyds and Bankia
The ECB’s long term refinancing operation may have finished, but banks are still finding reasons to tender for ABS bonds. Bank of Scotland, a subsidiary of Lloyds, has offered to buy back two tranches of RMBS at par, and Spain’s Bankia has offered to buy back up to €1bn of outstanding RMBS through an auction.
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