Lloyds testing appetite for second RMB securitisation
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Lloyds Banking Group is testing investor appetite for a second residential mortgage-backed securitisation according to reports from Reuters.
Last month, Lloyds sold £4bn of securities while Nationwide confirmed this week that it was planning a £3.5bn RMBS. Commentators say this indicates a revival of the mortgage securitisation market.
Lloyds is also planning a £13bn rights issue and wants to raise £7.5bn in convertible bonds. Reports also suggest that Lloyds will have to pay the Government £2.5bn to exit the asset protection scheme.
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