Lloyds structures chunky SME repo trade

By Owen Sanderson
17 Dec 2014

Lloyds Bank has structured Lingfield 2014 I, a £3.2bn SME ABS backed by secured loans to medium sized enterprises.

The deal, which features a £2.56bn ($4.01bn) class A tranche, a £120m class B and a £520.1m subordinated loan, will be entirely retained and used for collateral purposes.

Lloyds is the only UK bank to have securitized SME loans in recent years, though it has predominantly relied on ...

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