Lloyds Launches £1 Bln SME CLO

30 May 2008

Lloyds TSB today closed a £1 billion ($1.9 billion) small-to-medium enterprise collateralized loan obligation.

--Cristina Pittelli

Lloyds TSB today closed a £1 billion ($1.9 billion) small-to-medium enterprise collateralized loan obligation. Doncaster Gold, Lloyd’s fourth SME CLO, is a synthetic securitization of property loans in the U.K.

The deal has been privately placed with investors and forms part of the bank’s distribution strategy to ...

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