Feb 03, 2012
- Hugh Leask
Lloyds Prices Arkle Trade
Lloyds Banking Group priced its Arkle 2012-1 U.K. prime residential mortgage-backed securitization late on Friday afternoon.
The £3.25 billion ($5.13 billion) equivalent deal included Arkle program’s first yen-denominated tranche since October 2010. The 3.09-year JPY60 billion ($783.2 billion) 2A3 slice fetched three-month yen LIBOR plus 125 bps, in line with initial guidance set earlier in the week. The....