Brits Abroad: UK lenders seek investors as trio hit foreign currency market

By Tom Porter
19 Mar 2015

Lloyds Bank will be the next UK lender to leverage foreign demand for its assets, after compatriots Santander UK and Paragon found favour in both dollars and euros this week.

Lloyd’s Penarth 2015-1 credit card ABS will feature sterling and dollar denominated tranches. Lead managers Lloyds and Citi begin a roadshow for the deal on Monday.

Lloyds printed two Penarth transactions exclusively in sterling last year, but both were well bought by US investors who enjoy the spread ...

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