Lloyds TSB launches CDO of its corporate loans

Lloyds TSB has unveiled a £1 billion CDO transaction consisting of corporate loans on its books, the first time the bank has arranged and placed such a securitisation.

“This transaction clearly demonstrates the group’s objective of improving the way in which its balance sheet is managed, moving from a buy-and-hold approach towards an origination and distribution framework,” says Mark Grant, head of debt capital markets at Lloyds TSB Corporate Markets.

Ascot Black CLO is a synthetic fully unfunded

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: