Canary Wharf

Wetherby 2 completed

Category: Capital Relief Trades ABS

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SONIA-linked synthetic securitisation debuts

Lloyds has completed a £142.5m 7.25-year financial guarantee referencing a £1.5bn UK commercial real estate portfolio. Dubbed Wetherby 2 Securities 2018, the transaction is the first synthetic securitisation to reference the new SONIA interest rate benchmark and the third structured as a dual tranche trade (SCI 26 January).

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