Eurozone left in UK’s dust as Lloyds tops £1bn

sterling demand
By Tom Porter
26 Mar 2015

Securitizations backed by eurozone assets are beginning to pepper the primary market, but bankers are struggling to escape the irony of the European Central Bank’s intervention apparently stimulating more issuance in sterling than euros.

Before this week, securitizations backed by UK originated assets had accounted for over 40% of non-US supply so far in 2015, compared to just 22.5% for eurozone asset-backed trades, according to figures from JP Morgan. Australia is also well ahead of the eurozone with 34% of the non-US ...

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