Pic© Frank C. Mueller
Details have emerged of a Lloyds capital relief trade dubbed Cheltenham Securities 2017. The transaction was executed in late December (see SCI's capital relief trades database). The £40.524m CLN references a £517m portfolio of UK mid-market loans and matures in August 2022.
During the same period, the EIF guaranteed a €330m portfolio of Austrian and German loans to SMEs and mid-caps originated by Hypo Vorarlberg Bank.
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