Lloyds TSB proceeded with a portion of its $8.7 billion of legacy non-agency RMBS paper on Thursday afternoon, selling the paper to four different groups.

The U.K. bank said in a company press release that it sold £3.3 billion ($5 billion) to a number of American investors, including Goldman Sachs. One source familiar with the sale said Credit Suisse, Morgan Stanley and Bank of America also placed winning bids on the bonds.

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