Lloyds Banking Group plans to sell a U.K. RMBS from its Arkle master issuer program, according to a Bloomberg report. Citigroup and JPMorgan Chase are managing the sale.

The U.K. market kicked of 2012 issuance with Santander’s Holmes 2012-1, which priced earlier in the week. The RMBS deal from Santander U.K. was included three tranches of notes  backed by a pool of prime U.K. residential mortgages.  

Dutch mortgage originator Obvion this week also announced the first Dutch RMBS of the year, Storm 2012-I.

Price guidance is 3-month Euribor plus 120bps for the €150mn 2-year class A1 notes, and +155 basis points for the €550 million ($721 million) 4.9-year A2s, according to Informa Global Markets. Standard & Poor's analysts said that pricing is expected for this week.


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