Lloyds Banking Group has closed its Australian leveraged finance group, a spokesman confirmed.

The bank will wind down its A$1 billion ($1 billion) portfolio and its Sydney-based head of leveraged finance, Peter Moore, has been assigned a new role as head of project finance and portfolio management. Lloyds made its Australian loans through its BOS International unit.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.