Lloyds Banking Group is planning to launch a second RMBS deal this week, according to market reports.
The deal Permanent 2010-1 will be backed by prime residential mortgages originated by Bank of Scotland. The mortgages backing the deal will be drawn from the same pool of assets as Lloyds’ last RMBS issue back in September.
The deal is being managed by Bank of America Merrill Lynch and JPMorgan. It is split into four tranches and is selling assets in pounds, euros, and U.S. dollars.
Paragon Group U.K. last week asked UBS to arrange a roadshow for investors where the firm can talk about updating its strategy for its mortgage program, according to market reports. The meetings are set for February, but are not related to the marketing of a specific deal.