RMBS returns as Lloyds brings Permanent 2010-1

25 Jan 2010

Lloyds Banking Group, which re-opened the European ABS market last September with its UK master trust RMBS Permanent 2009-1, is marketing the first mortgage backed deal of the year with a equivalent issue from the same trust.

Bank of America Merrill Lynch, JP Morgan and Lloyds are joint books on Permanent 2010-1, which is also the first European ABS since the start of the crisis to offer investors a US dollar tranche.
The 144A piece has a 2.95 year expected maturity, apparently designed to appeal ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.