Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Lloyds Banking Group PLC    LLOY   GB0008706128

Delayed Quote. Delayed  - 05/05 12:17:37 pm
64.43 GBp   -0.56%
08:12a LLOYDS BANKING : Trojans tie series
05/04 DIRECTOR DEALIN : Lloyds Non-Executive Buys 100,000 Shares
05/04DJU.K. Banks Prepare for 'Brexit' Ahead of EU Poll
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Lloyds Banking Group PLC : Lloyds Plans to Sell £1.2 Billion of Distressed Debt

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/23/2012 | 03:16am CEST

Lloyds Banking Group PLC (LLOY.LN) plans to sell 1.2 billion pounds ($1.9 billion) of distressed mortgages tied to European real estate, the Financial Times reported Thursday on its website, without directly citing a source.

Lloyds has approached possible buyers about a portfolio of German commercial property mortgages with a face value of 850 million euros ($1.1 billion) to EUR900 million as part of a sale process referred to internally as Project Chamonix, the report said.

Separately, the bank is believed to be preparing to sell GBP500 million of non-performing U.K. property loans, the report said.

Lloyds declined to comment on either sale, the report said.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on LLOYDS BANKING GROUP PLC
08:12a LLOYDS BANKING : Trojans tie series
05/04 DIRECTOR DEALINGS : Lloyds Non-Executive Buys 100,000 Shares
05/04DJU.K. Banks Prepare for 'Brexit' Ahead of EU Poll
05/04 Virgin Money's mortgage lending jumps, warns of Brexit impact
05/04 LLOYDS BANKING : Bank man jailed for embezzling Pounds 39,000
05/04 LLOYDS BANKING : -New Communities Partnership launched to deliver GBP1 billion o..
05/03 CORRECT : Kier Enters Partnership To Build 10,000 Homes In Five Years
05/03 LLOYDS BANKING : New Communities Partnership launched to deliver £1 billion of n..
05/03 KIER : Enters Into Partnership To Build 10,000 Homes In Five Years
05/02 LLOYDS BANKING : St. Andrews Marina work 'substantially complete'
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials