By Caroline Grimshaw
November 16, 2006 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) has landed a trophy finance role advising Lloyds TSB on its first securitisation with a £7.02bn issue backed by residential mortgages belonging to subsidiary Cheltenham & Gloucester.
The instruction, the largest residential mortgage-backed securitisation (RMBS) yet in the UK, was secured after a competitive pitch earlier this year and comes as Europe’s main lenders rush to refinance their mortgage portfolios.
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