Lloyds Banking Group PLC Announces Sale Of Portfolio Of US RMBS Generating Capital Benefit Of GBP1.4 Billion


Friday, 31 May 2013 02:00am EDT 

Lloyds Banking Group PLC announces that it has agreed the sale of a portfolio of US RMBS (residential mortgage backed securities) to a number of different institutions for a cash consideration of GBP3.3 billion. The sale proceeds will be used for general corporate purposes. The transaction is expected to complete in the first week of June. 

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