Deals in Focus: Lloyds and VW

Issues from VW Leasing and Lloyds TSB met with healthy demand, but do the deals herald a new start for Europe’s securitisation market?

One of the earliest casualties of the financial crisis was the European securitisation market. With losses on subprime mortgage-backed securities and collateralised debt obligations decimating the balance sheets of investors and financial institutions across the region, confidence in the product fell to an all-time low. Aside from banks issuing securitisations a

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