Lloyds Banking Group (LBG) will launch its second securitisation deal later this week backed by prime residential mortgages.
The mortgages will be drawn from the same pool of assets which were involved in the last securitisation in September. The managers of the deal will be Bank of America Merrill Lynch and JP Morgan.The bank will sell mortgage- backed securities in dollars, pounds and euro.
The notes are backed by prime residential U.K. mortgages originated by Bank of Scotland.
The Lloyds bonds will be known as PERMM 2010-1 and will be issued through Permanent Master Issuer.
