Lloyds’ £1.5bn PFI CLO canned

Bad memories of structured investment vehicles and a pricing mismatch between the underlying loans and the margins investors were demanding are said to have ultimately derailed the bank’s efforts to securitise £1.5bn of PFI loans.

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this