Lloyds Prices Arkle RMBS
February 6, 2012
Lloyds Bank has priced its U.K. RMBS deal from the bank's Arkle master trust.
Citigroup and JPMorgan Chase managed the £3.3 billion transaction called Arkle Master Issuer plc Series 2012-1.
The deal priced in line with guidance, with the 3-year U.S. dollar, euro and British pound-denominated 'AAA' tranches paying 170 basis points over the three month Libor, 150 basis points and 175 basis points.
The deal also featured a ¥60 billion senior tranche, which priced at 125 basis points.
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