Lloyds TSB was back in the market again last week toting a top up to its GBP7.015 billion ($13.6 billion) debut RMBS transaction issued just last month. Encouraged by the positive reception, dealers settled in for a second round of financing, issuing GBP3.256 billion under its second deal that began marketing last week.

"We were delighted with the market reaction to our inaugural transaction which was the Lloyds TSB Group's debut public securitization of its own assets," Helen Weir, group finance director, said. "In response to strong demand for the initial issue, we have decided to bring forward our second transaction from this master trust as well as introduce Canadian dollar securities in the new structure to reflect specific demand from Canadian investors."

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