Brits abroad: Lloyds’ Penarth next in dollars
Lloyds Bank will be the next UK lender to leverage US demand for its assets after mandating leads for a dollar denominated credit card securitization.
Penarth 2015-1 will feature sterling and dollar denominated tranches. Lloyds has been appointed sole arranger for the transaction and sole lead manager on the sterling offering, while Citi joins as lead manager on the dollar portion.
The banks will begin a roadshow for the deal on Monday.Lloyds ...