You are here

Lloyds to sell US$500m of shipping loans

It is cutting sector exposure; BOA, US hedge fund seen as possible buyers

LLOYDSBANK020514.jpg
Lloyds Banking Group has reached an agreement to sell US$500 million of shipping loans from its remaining ship finance portfolio as the British bank cuts sector exposure, finance and banking sources familiar with the matter said on Wednesday - PHOTO: REUTERS

[LONDON] Lloyds Banking Group has reached an agreement to sell US$500 million of shipping loans from its remaining ship finance portfolio as the British bank cuts sector exposure, finance and banking sources familiar with the matter said on Wednesday. The deal is the latest in a flurry of sales

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom