Bain Australia

Lloyds sells portfolio of loans to Bain

The UK bank has agreed to sell a portfolio of loans valued at A$371 million to a trust managed by Sankaty Advisors, an affiliate of Bain Capital.

The sale, code-named "the Murray portfolio", is part of the UK bank’s efforts to raise capital and refocus on its domestic market.

Alison Tudor-Ackroyd

August 28, 2013

Lloyds Banking Group has agreed to sell a portfolio of loan assets valued at A$371 million (US$332 million) to a trust managed by Sankaty Advisors.

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